Malayan Banking Berhad commonly known as Maybank is one of the leading Asian banking services company. It has been adjudged as the most valuable bank brand in Malaysia and among the top most valuable among the ASEAN countries by the Brand Finance report. Maybank has a strong presence with its banking services and offers a wide range of financial products for retail as well as corporate customers.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Below we look at the top 8 competitors of Maybank.
HSBC is a multinational firm which works in the banking sector. HSBC is of British origin and was setup in its present form in the year 1991. The Hongkong and Shanghai Banking Corporation has its main functioning area in Hongkong and a little less work in the Shanghai.
2. Bank of China:
Bank of China is amongst the top five state owned banks of China. As a replacement to the Imperial Bank of China, in 1912, it was founded by the Republican Govt in mainland China. On behalf of the Chinese government, it issued banknotes along with the other major 4 banks of China including Farmer’s Bank of China, Central bank of Republic of China, Bank of Communications.
3. DBS Bank:
DBS Bank is one of the leading banks in Asia. Previously known as ‘The Development Bank Of Singapur Limited’, it has an annual revenue of more than $10 billion USD. With the consistent performance, DBS bank had won ‘Best Digital Bank in the World, Safest Bank in Asia awards in recent years.
Standard Chartered is British multinational banking and financial services company. It operates in more than 70 countries across the globe and majority of its profits come from Asia, Africa and The Middle East. It was founded in 1969 an is headquartered in London.
Citigroup Inc or Citi was founded in the year 1812 by merging two big giants Citicorp and Travelers group and is headquartered in Manhattan, New York city. Citibank mainly deals with investment banking and financial services. Citibank have one of the largest financial services network ranging over 160 countries with around 17,000 office worldwide and over 200 million accounts in 160 countries.
Barclays is a leading multinational bank listed on the London and New York stock exchange, which provides financial and banking assistance to clients in different countries. Barclays aims to help their customers by offering the kind of services and products that they expect and will result in fulfilment of their requirement. Barclays Bank is growing to be one of the largest financial service provider of the UK, with over 1500 branches spread to serve over 10 million customers across the globe.
OCBC is one of the biggest competitors of Maybank.
8. BNP Paribas:
BNP Paribas is one of the oldest banks in the world found in the year 1860. This French multinational bank is also one of the largest banks in the world in terms of its total assets. With its presence in more than 70 countries BNP Paribas employs more than 150,000 employees globally.
To conclude, the above article highlights the various competitors which compete with Maybank. This understanding helps to evaluate the various external business factors for any company.
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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