Maybank acquires 60% stake in PNB Republic Bank and renames the bank Maybank Philippines, Inc. (MPI).
Maybank increased its ownership stake in Maybank Philippines Inc. (MPI) to 99.86%, making it the first locally-incorporated, full-service commercial bank duly-licensed by the BSP to be almost 100% owned by a foreign bank.
Initially provided financial services to Malaysian and Singaporean businesses. MPI eventually extended financing to a wider group of corporate and commercial clients and forayed into consumer lending with the launching of housing loans in 2000, followed by auto loans in 2001
MPI's profit before tax (PBT) turned positive on the back of disciplined spending and sustained business growth
MPI joins the BancNet family, to extend convenient services to its cardholders via automated teller-machines, online, and mobile phones.
Consumer lending further deepened with the launching of personal and salary loans in 2008
Maybank Group infuses an additional USD 50M to further spur business growth.
With the opening of 5 new branches in 2010 and 4 in 2011-2012, MPI’s branch network expanded to 54 nationwide.
Maybank Group's proprietary internet banking service is finally introduced in the Philippines.
Maybank Philippines Inc. (MPI) officially moves into its new corporate offices, the Maybank Corporate Centre, located in the heart of Bonifacio Global City in Taguig.
Maybank Group further infused USD100M equity into MPI, the largest infusion to-date.
Maybank2E-Regional Cash, a state-of-the-art web-based corporate internet banking platform designed to serve cash management clients in the region, is introduced in the country.
Maybank Philippines announces the transformation of Maybank Resorts World Branch, opened in June 2014, into a 24/7 Maybank branch—the first in the country.
The Maybank Performing Arts Theatre, the first stand-alone theatre in central Metro Manila, Philippines, opens its doors to the publice.
MPI recorded an all-time high PBT of PHP 1.5B on the back of sustained growth in core business, Raised PHP 2B tier 2 capital via sub-loan drawdown from Parent Bank.
MPI pursues an aggressive yet highly strategic branch expansion campaign which allowed the bank’s current branch network to grow to 74.
Maybank Philippines Inc. marks its 20th year of operations with a series of flagship events aimed at engaging employees, stakeholders, customers, and the community.
MPI kick-starts its entry into the digital banking arena with the launching of the improved Maybank2U PH app with enhanced security and user features, and the introduction of the Philippines' first fully-digital savings account, iSave.
With these innovations, MPI further strengthens its commitment to financial inclusion by providing the unbanked with access to world-class banking services.
The year saw MPI growing its mortgage, cards and RSME portfolios, in addition to auto loans. The opening of a new Premier wealth center in Ayala Avenue and the launch of the Visa Infinite credit card also signaled its strong entry into the affluent and high networth segments. MPI further expanded its digital presence with iSave, an online-only account that enables customers to open fully online without having to go to a Maybank branch, and ably supported by a growing digital ecosystem.
Navigating through unprecedented times, Maybank Philippines' topmost priority during the pandemic has been to safeguard the well-being of its people and its customers.
The MaybankPH 2U app and internet banking and the fully online account iSave have become the safe, secure and convenient solution for customers' day-to-day banking and payment needs when movement restrictions forced everyone to stay inside the comfort of their homes.
Payment extensions on housing, auto and personal loans and credit cards was given at a time this respite was badly needed. Interbank fund transfer fees were waived for Maybank depositors. When lockdown conditions eased and rebuilding started, penalties and other charges were waived for payments and restructuring programs were offered to qualified clients.
Stringent health and safety protocols were implemented in all Maybank offices and branches. On top of the Flexible Work Arrangement policy that was introduced early on, identified Maybank employees could opt to work remotely with the Mobile Working Arrangement policy.
Focus shifted to building capabilities and developing capacity for the new normal through various online learning and development programs made available Groupwide, with the upskilling as a priority.
"The year 2020 has only shown Maybank Philippines' resilience, overcoming the challenges brought about by the pandemic by remaining focused on its mission of humanising financial services."
- Fauziah Hisham, Chairman of the Board, Maybank Philippines, Inc.
Maybank remains resilient and responsive in the face of the pandemic, serving the needs of our customers while steadily gaining strength and momentum—upwards, towards recovery and rebuilding.
After a year of "living with the virus", financial services remain available and dependable, convenient and consistent; whether physical or digital or hybrid interactions.
This is our new normal, so we embrace it, move forward, and thrive through it all-- together.
This is what humanising the new banking experience is about.
Maybank Philippines, Inc. (MPI) celebrates 25 years of strong market presence in the country this 2022. As the only foreign bank with the largest network of branches nationwide, this 25-year milestone underscores its commitment to the Philippines for the long-term.
"From SILVER to GOLD" is proof of Maybank's aspiration of becoming the market leader as it takes the business forward and further, from 2022 to 2047, as much as it is a call to action for Maybankers to help steer the Bank to greater heights -- by living our Tiger stripes, and aligning our role and our purpose with our M25 goals.