Top Banks In Malaysia

If you re looking for a bank in malaysia you have plenty of choice.

Top banks in malaysia. Each has its own features and benefits so choosing the right one for you will require some research. The country s financial institutions are governed by the bank negara malaysia which was established in 1959. Ocbc bank malaysia berhad the first singapore based islamic bank established in malaysia. Hsbc bank malaysia berhad is the third largest foreign bank and the tenth largest among all malaysian banks by assets.

List of malaysian banks as of 7 9 2018. Public bank bhd one of the leading financial services providers in malaysia established by its founder and chairman teh hong piow. For peace of mind look for the pidm sign that indicates your bank is a member bank. With about 70 branches and 4 000 employees it offers a broad suite of personal and commercial banking services including deposit and lending products credit cards mortgages wealth management investments capital markets foreign exchange and more.

In the event that your bank fails pidm protects you against the loss of your deposits but only for up to rm250 000 per depositor per bank. It serves as the country s central bank responsible for promoting monetary and financial stability. Bank rakyat offers the best rate for most fd products this month 3 6 9 and 12. Best savings accounts in malaysia while stashing your money at home is convenient it is not as profitable as keeping your money in a savings account.

In malaysia all deposits made at a member bank are automatically protected by perbadanan insurans deposit malaysia pidm. Here s a roundup of this month s updates to the best fixed deposit accounts in malaysia. Maybank is a malaysian universal bank that was established in may 1960. Public bank has a market cap of 18 5 billion usd and total assets of 75 6 billion usd.

A savings account is not only designed to keep your money safe but also grow too as banks will pay interest or profit on top of your savings. With more than 40 branches it is one of largest foreign banks in the country by assets. Bank negara malaysia the central bank of malaysia. 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.

Best banks in malaysia 2020. There are some strong local banks banks with a regional presence and global banking giants all operating in malaysia. Banks in malaysia some of which are the largest in southeast asia offer a comprehensive range of banking and financial services. Top largest banks in malaysia.