Maybank to increase branches in Cambodia to 20, from 12

By Shalini Kumar 
theedgemalaysia.com 
The Edge Malaysia 

KUALA LUMPUR (Jan 14): Maybank Bhd is looking to increase its presence in Cambodia, by raising the number of its branches to 20 from 12 currently.

Speaking at a public panel dialogue organised by The Wharton School about the economic prospects of the ASEAN region, Maybank's CEO Datuk Sri Abdul Wahid Omar said he regarded Cambodia, amongst other ASEAN member countries, as its home market.

"Maybank is now one of the top ASEAN banks with the widest presence across the ten ASEAN countries. 36% of our operations are outside of Malaysia, contributing to some 30% to group profits." he said.

He also said Maybank is aspiring to become a regional financial services leader by 2015, by taking advantage of greater financial linkages in the capital market.

"2012 has proven to be a great year for the Malaysian capital market...Apart fron promoting individual exchanges, there are moves towards greater financial linkages and integration," he said.