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Borneo Bulletin Yearbook 2023
BANK OF CHINA
Bank of China (Hong Kong) or BOCHK
is the leading commercial banking
group in Hong Kongwith strongmarket
positions in all major businesses. The
bank offers a comprehensive range
of financial, investment and wealth
management services to personal,
corporate and institutional customers.
BOCHK has a prominent presence
in the Southeast Asian region, with
branches and subsidiaries in Thailand,
Malaysia, Vietnam, the Philippines,
Indonesia, Cambodia, Laos and Brunei.
In The Asian Banker’s Strongest Banks
by Balance Sheet 2021 evaluation,
BOCHK maintained its top ranking in
Asia Pacific. The bank excelled in the
areas of scale, risk profile, asset quality
and liquidity.
In December 2016, the bank officially
opened its branch in Brunei as the
first Chinese financial institution to
establish its footprint in the country.
The BOCHK Brunei branch offers
corporate banking, syndicated loan,
RMB, cash management, trade
finance, non-banking, public sector
and personal banking services.
MAYBANK
Malaysia’s largest financial institution
Maybank is one of the leading banks
in Southeast Asia, with branches in all
10 ASEAN member states and global
financial markets such as China and
the United States. Maybank has an
international network of over 2,600
branches worldwide with 60 years of
resilience and market expertise.
The
Maybank
Group
offers
a
comprehensive range of products
and services that include commercial
banking, investment banking, Islamic
banking, offshore banking, leasing and
hire purchase, insurance, factoring,
trustee services, asset management,
stock broking, nominee services, venture
capital and Internet banking.
Maybank commenced operations in
Brunei as its first overseas unit in 1960. The
bank provides full retail and commercial
banking products and services. Over the
years, Maybank Brunei has continued to
thrive and sustain its success in the face
of a challenging economic climate.
UNITEDOVERSEAS BANK
Founded in 1935, United Overseas Bank
(UOB) has charted steady growth and
established 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 fromMoody’s and AA fromStandard
& Poor’s respectively.
In 1974, UOB started its operations in
Brunei under Overseas Union Bank. The
bank opened its second branch in Kuala
Belait in 1984. The two branches took on
UOB’s name when Overseas Union Bank
merged with UOB in January 2002. Three
years later, the bank relocated its branch
office in Bandar Seri Begawan.
UOB Brunei divested its retail banking
business in 2015. 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 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 company of
RHBBankingGroup. Inan increasingly
competitive business environment,
RHB Bank Berhad maintains as one
of the leading financial services
providers not only in Malaysia but
also in the Asia-Pacific region.
The bank has received numerous
awards and accolades over the years.
With its remarkable service towards
small and medium enterprises
(SMEs), RHB Bank Berhad won
the prestigious Excellence in SME
Banking award in Asia in 2019. RHB
Bank Berhad provides commercial
and merchant banking services
with more than 300 branches