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Maybank Quarterly - June 2019 |
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| Maybank records Q1 PBT of RM2.45b on the back of 4.8% loan growth |
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Maybank, Southeast Asia's fourth largest bank by assets, today said that revenue for the first quarter ended 31 March 2019 (1QFY19) grew 0.7% to RM5.86 billion compared with RM5.82 billion a year earlier, on the back of a 4.8% expansion in loans.
Profit before tax (PBT), however, came in at RM2.45 billion for the quarter compared with RM2.56 billion a year earlier, as the Group took a conservative stance in setting aside additional provisioning for clients impacted by the challenging operating environment. Net profit for the quarter was RM1.81 billion compared to RM1.87 billion in 2018.
The Group's revenue was lifted by a 1.6% rise in fund based income to RM4.31 billion, although this was partly offset by a marginal dip in net fee based income to RM1.55 billion from RM1.58 billion a year earlier owing mainly to lower commission, service charges and fees as well as mark-to-market losses in financial liabilities.
More information on our Q1 2019 results can be seen here. |
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| HAPPENINGS |
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| Spend and score a goal to catch Manchester United Live in Singapore |
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From 15 May to 23 June 2019, charge a minimum of S$12,000 on your Maybank Credit or Debit Card, or spend at least S$8,000 with your Maybank Manchester United Credit or Debit Card to redeem a pair of Category 2 tickets of Manchester United pre-season match in Singapore National Stadium on 20 July 2019 (worth S$316). Limited to the first 100 pairs of tickets. Terms and conditions apply. |
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| Stand a Chance to Win a Trip for 2 to watch Rugby World Cup in Japan |
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From 24 May to 23 July 2019, charge S$10 to your Maybank Mastercard for a chance to win a trip for 2 to Rugby World Cup 2019 in Japan. With every S$100, you will get 100 bonus chances. Two lucky winners will receive one pair of round-trip economy class air tickets to Tokyo, plus a 2-night accommodation with breakfast and one pair of tickets to Rugby World Cup 2019 Semi-Final 1 (26 October 2019) at International Stadium Yokohoma. |
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| Tap & Go to win unlimited free rides with Maybank Mastercard! |
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Starting from 4 April 2019, you can use your Maybank Mastercard Credit or Debit Card for fare payment on public transport and skip top-ups altogether! What's more, you could be one of the 30 lucky winners to win free rides from April to June 2019 when you tap and ride with your Maybank Mastercard. |
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| Update your details online and stand to win $300 cash |
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At Maybank, ensuring your personal information is safeguarded against cyber security threats is of utmost importance to us. That's why, in line with Monetary Authority of Singapore's (MAS) ePayments User Protection Guidelines, we strongly encourage our customers to update their contact details via Maybank Online Banking. Stand to win S$300 cash when you update your details online! |
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| Launchpad at MSpace at Maybank |
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Swing by MSpace at Maybank and discover new products and innovative ideas concocted by Maybank's SME banking customers and community partners. The new showcase area called "Launchpad" will display different exhibiting items on a regular basis. First up, we have Bikes n Bites with their Cervelo bike and accessories on display till 26 July 2019. Check them out while you are banking or just having a cuppa at our branch. |
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| We're now at Jewel! |
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Maybank has a new offsite ATM at an exciting location - Jewel Changi Airport! Located at B1-K202 (next to Marks and Spencer), the newly-minted ATM offers both local and foreign customers cash withdrawal and cash deposit functions 24/7. |
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| Maybank FutureReady Certification Course |
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| Dr. John Lee, Country CEO and CEO of Maybank Singapore (left), Mr. Ng Nam Sin, CEO of IBF (middle) and Ms. Jeanne Liew, Principal and CEO of NYP (right) at the launch ceremony on 22 April 2019. |
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Maybank Singapore is the first bank to launch a certified course on future-ready skills, giving the bank a first-mover advantage in sharpening employees' capabilities to tackle new challenges in the future economy. The proprietary curriculum, Maybank FutureReady Certification Course, was developed in partnership with Nanyang Polytechnic (NYP) and accredited by the Institute of Banking and Finance Singapore (IBF).
This new course in Singapore is part of Maybank Group's S$10 million FutureReady digital upskilling programme for all employees. |
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| Awards and Accolades |
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| Retail Banker International Asia Trailblazer Awards 2019 |
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Maybank took home multiple awards at the 10th Annual Retail Banker International Asia Trailblazer Awards 2019. The bank won Best Advertising Campaign, Best Loan Offering in 2019, and Most Innovative Branch Offering for its concept banking branch, MSpace at Maybank, which was integrated with a cafe to attract a younger clientele. |
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| SRP Asia Awards 2019 |
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Maybank's inaugural participation in the Structured Products & Derivatives Asia Awards (SRP Awards) 2019 resulted in four wins, including the prestigious Best Distributor Award for Asia Pacific and Singapore. At the Structured Products & Derivatives Awards ceremony held on 10 April 2019, Maybank was recognised for:
- Best Performance, Asia-Pacific
- Best Distributor, Asia-Pacific
- Best Performance, Singapore
- Best Distributor, Singapore
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| Community Engagement |
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| Maybank Star Savers beneficiaries' day out at KidZania |
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47 Maybank volunteers brought over 100 young participants from Star Savers, Maybank's matched savings programme with North West Community Development Council (CDC), to KidZania on 14 April 2019. The volunteers included Head of Community Financial Services at Maybank Singapore, Mr Alvin Lee, and North West CDC General Manager, Ms Yang Mei Ling.
Participants got to experience different professions through role-play while learning savings habits. Star Savers  North West was launched in March 2016 to provide a platform for needy students to enhance their social mobility by inculcating good savings habits while being offered the opportunity to pursue courses to upgrade their skills and knowledge. |
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| Humanising Finance |
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| Money Management Tips for Asean Holidaymakers |
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It is the holiday season, and Singapore residents may be making a trip around Asean countries, in particular Malaysia, for a vacation. Humanising Finance shares three tips on Maybank's cross-border banking solutions that bring you convenience on your voyage. |
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Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
This advertisement has not been reviewed by the Monetary Authority of Singapore. All information is updated at 31 May 2019. |
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