Banks/Banking in Malaysia
Malaysia borders southern Thailand and is sited at the heart of Southeast Asia. This country is comprised of two distinct areas geographically and is separated by South China Sea.
The Central Bank of Malaysia has a regulatory regime that is well-developed. It also aims at maintaining foreign exchange reserves as well as restricts risky financial instruments and owing to this it has come across the global financial crisis completely unscathed.
Banks in Malaysia
Banks in Malaysia include mainly the Central Bank, the Bank Negara Malaysia. The commercial banks are Bank Islam Malaysia, CIMB Bank, Public Bank, Bank Muamalat Malaysia, Malayan Banking, Standard Chartered Bank Malaysia and RHB Bank. There are over 20 commercial banks that are Bank Negara Malaysia licensed.
The banks in Malaysia include a list of foreign banks namely, ABN Amro Bank, BNP Paribas, Bank of America, Deutsche Bank, Barclays Bank, Macquarie Bank, Commerzbank, Societe Generale, Credit Suisse First and Credit Lyonnais.
The large top banks in Malaysia are based on their net profit, 2006. This is with respect to Malaysian operation alone. There are other banks such as Citibank, Bank of America and ABN Amro as well who are the largest banks making huge profits, but are not in the top list as this pertains to Malaysia alone. These foreign banks profits exceed RM20 billion.
Maybank is a financial group in Malaysia and is topping the chart continuously for years despite being enveloped by controversies. It has strong overseas operations in many regions. Jobs in Maybank cover various fields such as sales, finance, marketing, business development and information technology. The net profit is RM2.52 billion.
Public Bank is also a successful Malaysian local bank showing net profit of RM 1.79 billion. A small branch launched in 1966, today has grown with a capacity of employees over 13,000. Their services include hire purchase financing, commercial banking, credit cards, share broking, investment, unit trust management and more.
CIMB is the best performing banks in Malaysia with net profit RM 955 million and grows locally and overseas. It accounts to 56% of the value of acquisition and mergers in Malaysia. Banking in Malaysia includes HSBC with net profit RM 687 million and Citibank with RM603 million.