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Banks

Malaysia has a deep and sophisticated financial sector which includes conventional commercial banks, Islamic banks, investment banks, insurance companies and other institutions dealing in a wide range of financial products.  The sector saw considerable progress in the 2000s, experiencing restructuring, rationalisation and gradual liberalisation.  The country saw more diversified and developed financial markets, alongside the increasing presence of international powers.  The strength of the financial sector saw it maintaining general confidence and stability throughout the 2007-12 global financial crisis.  Malaysia retains its position as a leader in the global market within the Islamic finance sector.  The role that the financial services sector plays in Malaysia’s economy grew throughout the 2000s, with its GDP share increasing from an average of 9.9% between 2000 and 2005 to 10.9% between 2006 and 2009.  By 2011 it had risen to 11.6% of the country’s real GDP.  The largest three banks in the country, in order of market capitalisation, are Maybank, CIMB and Public Bank.  Additionally, Malaysia possesses three large microfinance institutions – AIM, YUM and TEKUN.  Each of these targets different groups of people with its own lending system, and have been subsidised by the government since their existence.  The capital market is also a key part of the infrastructure of the financial services.

Banking and Financial Services organisations in Malaysia
Bank Negara Malaysia