Maybank Yangon’s revenue growth to come from lending, transaction banking in 5 years

Maybank International’s chief executive officer Pollie Sim said lending will be driven mainly by working capital financing and transaction banking by Myanmar’s growing international trade and demand for cash management, especially as projects are completed and operationalised. “We believe that Maybank’s success in Myanmar hinges on the growth of Myanmar’s financial sector,” she said in […]

Maybank to help Myanmar firms raise regional capital

Maybank will offer a number of services in Myanmar including project finance and corporate lending, said Pollie Sim, CEO of international business at the Malaysian bank. It will also be willing to help companies raise capital through regional equity or debt markets, she said at the launch of the bank’s Myanmar branch office on October […]

For foreign lenders, Myanmar is no zero-sum game

SINGAPORE – A Foreign bank setting up a branch in Yangon must take its first step together with eight other lenders, all eager to tap a country that has been in isolation for more than 50 years. But international lenders noted that co-operation, not direct competition, will serve the greater good for now. “Competition among […]

Maybank looks to the future

The Myanmar Times speaks with Maybank’s Pollie Sim after it was announced the Malay outfit won one of the coveted foreign banking licences. Why do you think Maybank was selected over the other competitors, particularly over its two Malaysian rivals in the race? We believe that being a leading regional financial services leader, our regional […]