Overview:PT Bank Maybank Indonesia Tbk (“Maybank” or the “Bank”) was founded on 15 May 1959. After obtaining a license as a foreign exchange bank in 1988, BII had its shares listed on the Jakarta Stock Exchange and Surabaya Stock Exchange (now merged as Indonesia Stock Exchange) in 1989. As a publicly listed company, Maybank has grown to become one of leading private banks in Indonesia.
In 2008, the largest bank in Malaysia that is also one of the leading financial groups in ASEAN, Malayan Banking Berhad (Maybank), acquired Bank through its entirely owned subsidiary, Maybank Offshore Corporate Services (Labuan) Sdn. Bhd. (MOCS). Since then, Maybank has become the majority shareholder of Bank through two of its subsidiaries, Sorak Financial Holdings Pte. Ltd. (Sorak) and MOCS. To comply with the share sell down regulation from the authority, Maybank in June 2013 sold 9% of its shares in Bank to public, and sold another 9.3% in November 2013.
Maybank is currently one of the largest banks in Indonesia with an international network of 428 branches, including shariah branches spread across all provinces in Indonesia and two overseas branches in Mauritius and Mumbai. Maybank has also developed e-banking services with its Maybank SMS+ Banking, Maybank2u, 13 Mobile Cash Vehicles and 1,530 ATMs including CDM (Cash Deposit Machine) which are all connected to more than 20,000 ATMs of the ATM PRIMA, ATM BERSAMA, ALTO, and CIRRUS networks and to 3,500 Maybank ATMs in Singapore and Malaysia through MEPS network.
Maybank provides a comprehensive range of products and services to individual and corporate customers through Retail Banking, Business Banking and Global Banking as well as auto financing business through its subsidiaries WOM Finance for two-wheeled vehicles and BII Finance for four-wheeled vehicles. As per 31 December 2014, the Bank has a total of customer deposits of Rp101.9 trillion under management with total assets reaching Rp143.3 trillion.