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Borneo Bulletin Yearbook 2020
Maybank
Ranked among the top five banks in Southeast
Asia, Malaysia’s largest financial institution
Maybank has total assets of more than USD150
billion. It has an international network of over
2,200 branches and offices in 20 countries,
employing 46,000 employees who serve over 22
million customers.
In November 1960, Maybank commenced
operations in Brunei Darussalam as its first
overseas unit. Maybank Brunei offers full retail
and commercial banking products and services
in the country such as corporate financing,
development financing as well as property
financing.
Maybank Brunei has continued to thrive and
sustain its success in the face of a challenging
economic climate. The bank won Best Small and
Medium Enterprise (SME) Bank Brunei in 2017,
awarded by Capital Finance International, UK.
It was the second time Maybank had received
the award, with the first being in 2015. In 2017,
Maybank Brunei was awarded the Fastest
Growing Foreign Bank in Brunei by the Global
Banking and Finance Review, UK for the third
consecutive year.
In November 2018, Maybank announced it
had successfully completed the transfer of its
Community Financial Services (CFS) business in
Singapore from Maybank’s Singapore Branch
to Maybank Singapore Limited, a Singapore-
incorporated subsidiary.
United Overseas Bank
Founded in 1935, United Overseas Bank (UOB)
has charted steady growth over the years to
establish itself as a leading bank in Asia with
more than 500 offices across Asia Pacific,
Western Europe and North America. Its asset
management arm, UOB Asset Management, is
one of Singapore’s most awarded fund managers
with a growing regional presence.
UOB is rated among the world’s top banks,
with a rating of Aa1 from Moody’s and AA-
from Standard & Poor’s respectively. The bank
provides a wide range of financial services
including personal financial services,
private banking, commercial and corporate
banking, investment banking, corporate
finance, capital market activities, treasury
services, futures broking, asset management,
venture capital management, insurance and
stockbroking services.
In 1974, UOB started its operations in Brunei
under Overseas Union Bank. The bank opened
its second branch in Brunei 10 years later
in Kuala Belait. UOB acquired the Overseas
Union Bank in January 2002 and took over
the operations of the two Brunei branches. On
October 1, 2005, the bank relocated its branch
office in Bandar Seri Begawan.
In 2015, UOB divested its retail banking business.
Since then, their focus as a bank is in wholesale
banking, onboarding and providing banking
services and facilities such as current accounts,
time deposits, remittance services, overdraft,
trade finance, term loans, working capital and
project financing facilities, loan syndication and
transaction banking.
RHB
As a subsidiary of RHB Banking group, RHB
Bank Berhad is Malaysia’s oldest and first local
bank with the incorporation of the Kwong Yik
(Selangor) Banking Corporation (Kwong Yik
Bank) in July 1913.
Following the Group Corporate Restructuring
Plan, RHB Bank Berhad is now the ultimate
holding company of the RHB Banking Group
effective June 2016. It has been listed on the
Main Market of Bursa Malaysia Securities
Berhad on June 28, 2016, in place of RHB
Capital Berhad, the former ultimate holding