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On 9 April 2015, Maybank marked a significant milestone with the official opening of the Kunming branch, making it the first Malaysian bank and one of only two Southeast Asian banks to have presence in Yunnan Province within Southwestern China. The Maybank Kunming Branch is our fourth branch in the Greater China region. We have branches in Hong Kong, Shanghai and Beijing. Kunming branch is poised to facilitate the growing trade and investment links between Southwestern China, said Tan Sri Megat Zaharuddin Megat Mohd Nor. The event was also graced by members of the Maybank Board of Directors; Pollie Sim, CEO International; the local Kunming and Yunnan provincial government officials; Maybank clients; and business partners.
Speaking at the event, Tan Sir Megat Zaharuddin emphasized that the opening of Kunming branch was a strategic move for Maybank because the Yunnan province, which is bordering Myanmar, Laos and Vietnam, is well-positioned as a financial gateway for China to South Asia as well as ASEAN.
Maybank Kunming branch, which has a staff strength of 15, offers a wide range of wholesale banking service to both local and foreign clients. These include foreign currency loans (short-, medium-, and long-term loans), bill acceptance and discount, letters of credit services and guarantees credit & collection, foreign currency deposits and project financing. The branch will focus primarily on trade related transactions.
Our heartiest congratulations to Maybank Kunming team on the successful official launch.
Wishing the branch many years of success and sterling performance ahead!