Maybank named safest bank in M’sia, Indonesia

KUALA LUMPUR: Malayan Banking Bhd (Maybank) and its Indonesian arm, PT Bank Maybank Indonesia emerged as the safest banks operating in their respective countries, according to a country-by-country ranking by Global Finance Magazine.

Especially for banks operating across borders, the challenge is to respond to those individual situations while offering a consistent experience for the corporate clients that also operate in a number of different jurisdictions.

Joseph D Giarraputo, Global Finance publisher and editorial director

In a statement, Global Finance said banks were selected through an evaluation of long-term foreign currency ratings – from Moody’s, Standard & Poor’s and Fitch – and total assets of the 1,000 largest banks worldwide.

Besides naming the Safest Banks in 106 countries around the world, the full report also included the World’s 50 Safest Banks, World’s 50 Safest Commercial Banks, 50 Safest Banks in Emerging Markets, Safest Islamic Financial Institutions in the Gulf Cooperation Council, and Safest Banks by Region.

Global Finance publisher and editorial director, Joseph D Giarraputo, said despite efforts to harmonise financial rules across regions and around the world, regulations remained unique to each country, due to particular risks and resources.

“Especially for banks operating across borders, the challenge is to respond to those individual situations while offering a consistent experience for the corporate clients that also operate in a number of different jurisdictions,” he added. — Bernama

Maybank and its Indonesian arm, PT Bank Maybank Indonesia emerged as the safest banks operating in their respective countries, according to a country-by-country ranking by Global Finance Magazine.