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Maybank Quarterly
June 2017

Maybank Quarterly - June 2017

Maybank 1Q net profit rises 19.3% to RM1.7 billion
For the first quarter of 2017, net profit rose 19.3% to RM1.7 billion compared to a year earlier, as we booked more loans, and benefitted from an improved net interest margin as well as substantially lower net impairment losses. Profit before tax (PBT) rose 16.5% higher to RM2.25 billion.

Gross loans rose 10.1% year-on-year (Y-o-Y), with financing from both the Community Financial Services (CFS) and Global Banking (GB) segments showing healthy expansion. The Group also registered a steady rise in deposits of 4.5% Y-o-Y to RM513.4 billion.

In Singapore, we saw
  • PBT increased by 45.3% compared to a year earlier to S$88.96 million
  • Net income rose a robust 20.0% on the back of a 37.3% surge in net fee based income and a 13.3% rise in net fund based income
  • Total loans rose 6.4% Y-o-Y outpacing industry growth of 5.8% as consumer loans and business loans expanded 4.6% and 7.6% respectively
More information on our results can be found here.

Earn interest of 3% with enhanced Save Up Programme

Maybank Save Up Programme just got better! With the addition of new products starting from 1 June 2017, you now have more choice in selecting three out of nine products/services to earn the maximum interest of 3% per annum.

We have also increased the deposit cap, so you can earn higher interest for the first S$60,000 in your SaveUp account, up from the current S$50,000.

Visit maybank.sg/saveup or drop by at any of the Maybank branches to find out more!

Terms and Conditions apply. Insured up to S$50K by SDIC.


Enjoy 1-for-1 buffet deals and more with Maybank Cards
  Satisfy your different food cravings with special 1-for-1 buffet deals and more at over 30 restaurants in Singapore, when you pay using any Maybank Credit or Debit Card!

The promotions are valid from 23 March to 30 September 2017, unless otherwise stated. Click here for more details.

Congratulations to the winner of the Maybank Mercedes-Benz E-Class Lucky Draw!
Thank you for your strong support for our exciting Maybank Mercedes-Benz E-Class Lucky Draw, which ended on 31 March 2017.

Congratulations to our lucky winner, Mdm Lilian Ang Xuanni (SXXXX396B), who walked away with a brand new Mercedes-Benz E-Class with COE, just by spending on Maybank Cards!

Maybank Singapore emerges as top scoring Foreign Bank
The results for 2016's Customer Satisfaction Index of Singapore (CSISG) have been announced, with Maybank Singapore emerging as the top scoring Foreign Bank. We achieved an improved CSISG score of 72.5 points under the Finance and Insurance sector, scoring above the sector and national average.

Once again, we thank you for your support. We are  very  proud  of our  staff  for delivering  their
best and grateful to our customers for recognising our efforts.

As the saying goes, "Good Service Is Good Business", so let us continue to serve you from our hearts.

Potential investors attend inaugural 'Invest Cambodia' forum
With Cambodia established as one of ASEAN's high-growth emerging markets, we organised a forum on 'Doing business in Cambodia' on 21 April for potential Singapore investors. This includes companies looking to start up or expand their business in the country, as well as high net worth individuals interested in purchasing property there.

The session shed light on the country's economic outlook, potential challenges and available financial facilities. Investors can take advantage of Maybank's cross-border solutions due to our strong regional and international presence. For example they can better manage their cash flow via our regional cash management system, and they can remit major foreign currencies to their home countries speedily.

Currently, remittance to and from Singapore makes up more than 30% of Maybank Cambodia's total portfolio and is the top cross-border country for its remittance volume. The top five segments in its loan portfolio are import/export businesses, retail trade, purchase of residential property, education services and property construction. Read more about the forum here.
The highlight of the forum was an insightful panel session featuring (L-R): Mr Anselm Chu, Director international Development, SIM Global Education, Ms Cynthia Liaw, CEO, Maybank Cambodia, Dato Dr Johnny Ong, Executive Director from HLH Group Limited, Ms Stella Toh, Director, Zestyle.

Community Engagement
Maybankers team up to clean up the CBD
On 7 May, about 140 staff took to the streets of the Central Business District to support the Public Hygiene Council's 'Keep Clean, Singapore!' initiative.

Maybank's Head of Strategy and Finance, Mr Lim Choon Meng, kicked off the event with an inspiring speech, stressing the importance of taking greater ownership to protect the environment by keeping our streets  clean.

Deputy Director of Community and Outreach at the Public Hygiene Council, Mr Brandon Low, also graced the clean-up event to thank Maybankers for their enthusiasm and support.

The teams managed to amass a total of 156 kg worth of rubbish and clocked over 420 community hours. Maybank also pledged S$3,000 for planting trees to the Garden City Fund, to show its dedication to preserving Singapore's lush green landscape.
Maybankers along with their families and friends gathered to champion a clean and green cause.

Humanising Finance
Importance of TDSR for home buyers
Do you understand the relevance of 'Total Debt Servicing Ratio (TDSR)' if you are planning to apply for a home loan? How much do know about the changes to the TDSR framework announced in March this year?

Find out more in this month's issue of Humanising Finance.

  We want to hear from you!
As we keep you informed on our new products and services, we would also love to receive your suggestions on how we can better serve you. Got more service gold moments to share? We are always ready to listen. Let us know via our feedback form.

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