Saturday September 22, 2012
Maybank keen on banking presence in Thailand
KUALA LUMPUR: Malayan Banking Bhd, Malaysia’s largest commercial bank, is keen to complete its regional expansion in South-East Asia by possibly having a domestic retail and commercial banking presence in Thailand.
“In the case of Thailand, our presence is now limited to be the No 1 brokerage in that country, which is Maybank Kim Eng, and they are doing well.
“But I think it will be great if we can have a domestic retail and commercial banking presence in Thailand,” Maybank president and chief executive officer Datuk Seri Abdul Wahid Omar said during an interview on CNBC yesterday in Singapore.
Maybank is present in all South-East Asian economies except Laos.
“We’ve always been interested in Thailand,” he said in response to a query whether Maybank was keen to buy General Electric’s 33% equity in the Bank of Ayudhya Pcl. — Bernama