Maybank implements expansion program

MANILA, Philippines - Maybank Philippines Inc. (Maybank), a member of the Maybank Group, will be opening three additional branches to complement its existing branch network of 52. This brings the total number of branches to 55 by the end of 2012.

In addition to the new branches, Maybank will also be moving in to their new five-story Corporate Center located at the Bonifacio Global City, Taguig before the end of the year.

The Corporate Center will have a Maybank branch on the ground floor, and will house various business units of the bank. 

“The center further affirms Maybank’s commitment to expand its presence and grow the business in the Philippines,” Maybank said in a statement.

Recently, it partnered with ABS-CBN’s myRemit, to serve as a gateway for overseas Filipino remittances to Bancnet member banks, and Palawan Pawnshop, to provide additional outlets for Maybank Money Express (MME) remittances to overseas Filipino beneficiaries through Palawan Pawnshop’s 695 branches nationwide.

The Philippines is a growth area for the Maybank Group, which is the fourth largest bank in the Southeast Asian (SEA) region.

The Maybank Group is Malaysia’s largest and leading financial services provider, with a presence in 17 countries worldwide, including key cities such as Hong Kong, Shanghai, New York, London and Singapore. The group is backed by over $135 billion in assets and is currently ranked fourth among region’s top banks.