Maybank’s Post

According to Newsweek's 2024 list of the world's most trustworthy banks, BCA from Indonesia ranks first, followed by DBS Group from Singapore, Banco do Brasil from Brazil, State Bank of India, and Banner Bank from the USA in the top five. These banks have earned high levels of trust from customers, investors, and employees through their commitment to fairness, transparency, and reliable service. Several other Indonesian banks also made it onto the list, showcasing Indonesia's growing prominence in global banking. Bank Mandiri ranked 16th, BRI at 17th, BSI Syariah at 30th, and Bank BJB at 57th. These rankings reflect the strength and credibility of Indonesian banks on the international stage.

Sector Review: Commercial Banks Navigating Regulatory Changes and Market Dynamics This week’s review of the commercial banking sector highlights key developments, including rising deposits and advances, but with profitability impacted by higher operational costs. Notably, the imposition of a 40% windfall tax on foreign exchange profits introduces new challenges for banks. ESG initiatives and sustainable banking practices are also gaining traction, with banks increasingly aligning with environmental and social risk frameworks. Stay informed on how the sector is adapting to evolving regulations and market trends. #StayFinanciallyHealthy #Sarmaaya #Banks #CommercialBanks

Explore the transformative journey of Islamic banking in the ASEAN region with this comprehensive whitepaper, "Thriving Amid Digital Change : The Future of Islamic Banking in ASEAN”.  This essential guide delves into the rapid expansion and modernization of Islamic banking, spotlighting key growth areas in Indonesia, Malaysia, and beyond.  Read the complete whitepaper here: https://lnkd.in/ehhnJPXH #BankingTransformation #IslamicBanking #SystemsAPAC

The Journey to Building a Brand and Changing a Culture | with Amin Manji SEVP/CIO & Group Chief - Information Technology Group National Bank of Pakistan about the Transformation of Banking Sector in Pakistan Discover the challenges of building a brand and transforming a culture over time. Learn valuable insights from a 30-40 year journey and how incremental progress is key to success. #BuildingABrand #CultureTransformation #IncrementalProgress #SuccessJourney #BusinessGrowth #PersonalDevelopment #LeadershipMindset #ContinuousProcess #TransformationalChange #BusinessStrategy https://lnkd.in/eB8GM763

𝐌𝐚𝐥𝐚𝐲𝐬𝐢𝐚'𝐬 𝐆𝐫𝐨𝐰𝐭𝐡 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐢𝐧 𝐈𝐬𝐥𝐚𝐦𝐢𝐜 𝐅𝐢𝐧𝐚𝐧𝐜𝐞   Date: 14 May 2024   Time: 16:00 𝐌𝐘𝐓 𝐈 12:00 𝐆𝐒𝐓 𝐈 08:00 𝐁𝐒𝐓 Registration: https://lnkd.in/d2hMVix2 With Moody's analysts in order to explore Malaysia's Islamic finance strategy under Ekonomi Madani and the impact of new digital banks on its growth. In this webinar, hear from the industry experts and gain insights into green sukuks and the risks facing Islamic banks in Malaysia. #islamicfinance #moodys #malaysia #interestfreebanking #banking #finance

𝐈𝐬𝐥𝐚𝐦𝐢𝐜 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐖𝐚𝐯𝐞 𝐒𝐰𝐞𝐞𝐩𝐬 𝐄𝐌𝐄𝐀 Islamic banks in the EMEA region are expected to continue consolidating through 2025, according to Fitch Ratings, driven by needs for increased scale, profitability, and operational efficiency amid economic and regulatory changes. The trend is particularly strong in the Middle East, where banks in UAE, Saudi Arabia, and Qatar have already undergone high-profile mergers. Key factors driving consolidation include stricter regulatory requirements, growing digital demands from customers, and the need for stronger capital bases. Smaller institutions face particular pressure to merge or align with larger banks to meet technological advancement costs and regulatory demands. Regional governments are actively supporting this consolidation as part of economic diversification plans and Basel III implementation. The trend is expected to result in fewer but stronger institutions better positioned to compete globally and offer enhanced digital services, though smaller banks may struggle to remain independent without partnerships or mergers. The Islamic banking sector's consolidation trajectory is being further catalyzed by the emergence of Environmental, Social, and Governance (ESG) considerations and sustainable finance initiatives, with Islamic banks increasingly positioning themselves as natural partners in the global sustainability agenda. This strategic pivot is particularly evident in the rising volume of green and sustainable Sukuk issuances, which saw a notable 17% increase in Q1 2024 compared to the previous year. The convergence of Islamic finance principles with ESG objectives has created a unique value proposition, especially in emerging markets where traditional banking penetration remains limited. Meanwhile, the sector is witnessing a significant demographic shift as 85% of Gen Z Muslims express interest in Islamic banking services, driving demand for innovative digital solutions and forcing traditional players to either adapt or seek strategic partnerships. This transformation is occurring against the backdrop of projected industry growth to US$6.67 trillion by 2027, though the sector faces headwinds from the proposed AAOIFI Standard 62 implementation, which could fundamentally alter sukuk market dynamics from 2025 onwards. The evolving landscape presents both opportunities and challenges for market participants, with successful institutions likely to be those that can effectively balance technological innovation, regulatory compliance, and authentic Shariah-compliant service delivery while maintaining competitive advantages in an increasingly consolidated market. . #IslamicFinance #EMEA #Banking #Fintech #ESG #Sustainability

PBA, in partnership with CERP and Alchemy Technologies Pvt. Ltd., convened industry stakeholders to discuss the pivotal role of the banking sector in driving growth and development at an event titled "Banking on Our Banks - Aligning Growth with Development," earlier this week. The event discussions highlighted regulatory challenges, the high costs associated with digitalisation and the resulting overreliance on unprofitable sectors. They also underscored the importance of well-implemented and strategic reforms to reduce frictional costs and enhance banks’ long-term competitiveness. Governor State Bank of Pakistan (SBP), Jameel Ahmad, was invited to provide insights into the regulatory framework while Chairman PBA Zafar Masud, Vice Chairman PBA Ahmed Bozai and CEO PBA muneer kamal shared the banking industry's perspective through keynote address and panel discussions. The event was attended by important stakeholders and presidents of various banks, including Irfan Siddiqui - CEO of Meezan Bank; Yousaf Hussain - Senior Vice Chairman PBA & CEO Faysal Bank; Rizwan Ata - CEO Bank Islami; Muhammad Atif Hanif - CEO Albaraka Bank and Khurram Shahzad Khan - CEO Habib Metropolitan Bank. Other senior leaders from the financial industry were also present on the occasion. Read more on: https://shorturl.at/JwYTd Nassir S. | Rehmat Hasnie | Muhammad Jawaid Iqbal | Muhtashim Ahmed Ashai | nauman ansari | Amir Khan | Shoaib Mumtaz | Kamran Zaidi

Let‘s see which bank is best at borrowing debt to maximize profits. Maybank Interest Expense: RM5.13 billion Revenue: RM14.06 billion Leverage ratio: 2.74x Public Bank Interest Expense: RM2.38 billion Revenue: RM6.07 billion Leverage ratio: 2.55x CIMB Interest Expense: RM3.84 billion Revenue: RM9.64 billion Leverage ratio: 2.51x Hong Leong Bank Interest Expense: RM1.26 billion Revenue: RM2.76 billion Leverage ratio: 2.19x RHB Interest Expense: RM1.56 billion Revenue: RM3.60 billion Leverage ratio: 2.30x Summary: Maybank has the highest leverage. With strict risk management, huge deposit debts have helped to make a lot of money. Source: Financial Report for the Second Quarter of 2024

𝐂𝐢𝐭𝐢𝐛𝐚𝐧𝐤 𝐏𝐚𝐤𝐢𝐬𝐭𝐚𝐧 𝐡𝐨𝐥𝐝𝐬 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐜𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 Citibank Pakistan held an insightful conference titled “Corporate Treasury in the Age of Digitalization,” on 23rd September 2024 for its corporate clientele. Zain Sethna, Treasury and Trade Solutions head and Chief Digital Officer at Citi said, “The conference brought together industry leaders to share insights on how digital advancements in the banking industry are transforming corporate treasuries achieve greater efficiency and innovation in financial management. Source: https://lnkd.in/dRhvYRG7 #CitibankConference #FBRAnnouncement #CustomsDutyUpdate #HighPressureWasher #ImportPolicy #ZeroPercentDuty #EconomicInsights #PakistanTrade #FBRDecision #BusinessConference

"Expect the unexpected and plan for the unexpected... our diversified markets have been our strength." Our Group CEO, Jeremy Awori, recently spoke with African Banker about Ecobank's Growth, Transformation and Returns strategy and how the Bank navigated uncertain global markets to post revenues in excess of $2bn for the first time since 2015. He also spoke about how technology is driving the future of banking and how Ecobank is making it easier for more businesses to operate across the continent. Read more here: https://lnkd.in/e-z2bcxR