Top Banks In Malaysia 2019
12 month fd whereas the lowest stood at 1 65 bank of china.
Top banks in malaysia 2019. List of malaysian banks as of 7 9 2018. The highest interest rate recorded in this month s round up is 2 40 bank rakyat. However do take note that bank rakyat s fd products are not protected by pidm. According to rhb investment bank bhd s recent research report the local banking sector is expected to deliver a 7 growth in their earnings average in 2017 compared with the previous year after experiencing three years of depressed earnings.
With its 58 years of experience in the banking industry it has become one of the leading banks in southeast asia in fact it was listed as one of the top 10 asean bank brands and has been titled as the most valuable bank brand in malaysia. This year s evaluation covers banks from 20 countries and territories with a combined 58 4 trillion in assets 30 4 trillion in net loans 40 5 trillion in deposits and 416 billion in net profit. Of course there are certain conditions that need to be met to unlock the high interest but there are also some savings accounts that easily offer more than 10 times the interest of a basic savings account. Bank rakyat offers the best rate for most fd products this month 3 6 9 and 12 month tenure.
Ocbc bank malaysia berhad the first singapore based islamic bank established in malaysia. Banks in malaysia some of which are the largest in southeast asia offer a comprehensive range of banking and financial services. As it turns out there are several savings accounts in malaysia that offer high interest rates some with up to 6 per cent p a. The asian banker 500 ab500 2019 is an evaluation of the 500 largest banks in the asia pacific region for the financial year 2018.
In 2019 the total assets revenue and net profit reached us 202 billion us 12 8 billion and us 3 2 billion respectively. Top largest banks in malaysia. Total assets rm bil total net worth rm bil 1. Central bank of malaysia expects all debit cards issued in malaysia to be co branded with the local network mydebit latest by the year 2017.
Top banks in malaysia. The country s financial institutions are governed by the bank negara malaysia which was established in 1959. It serves as the country s central bank responsible for promoting monetary and financial stability. With more than 40 branches it is one of largest foreign banks in the country by assets.
Maybank is a malaysian universal bank that was established in may 1960.