The banking system in Malaysia includes commercial banks, investment banks and Islamic financial institutions. Bank Negara Malaysia (BNM) is the country’s central bank and acts as the regulator of banking industry. As of August 2019, the gross international reserves of BNM reached US$104 billion including US$97 billion of foreign currency reserves and US$1.8 billion of gold reserves. Malaysia’s largest conventional banks are Maybank, CIMB, RHB, Public Bank, Hong Leong, and AmBank. The largest foreign banks include UOB, OCBC, HSBC, Standard Chartered, Citibank, MUFG Bank, BNP Paribas, and JPMorgan Chase.


Malayan Banking Bhd (or Maybank), based in Kuala Lumpur, is the largest bank in Malaysia by assets, deposits, loans, market capitalization, number of employees and branches. It offers a full array of banking products and services including personal and corporate accounts, home and personal loans, car loans, insurance, debit and credit cards, charge and prepaid cards, SME banking, investment banking, wealth management, online banking, foreign exchange and much more. With 43,000 employees, it operates about 2,500 offices across all ASEAN markets. In 2019, the total assets, revenue and net profit reached US$202 billion, US$12.8 billion and US$3.2 billion, respectively.


CIMB Group Holdings Berhad is the second-largest banking group in Malaysia with assets of US$128.5 billion, deposits of US$90 billion and funds under management of US$20 billion. It is also one of the largest Islamic and investment banks in Asia. With about 14 million clients, it employs 36,000 people and operates through a network of approximately 800 branches. CIMB is a leading ASEAN bank with presence in 16 markets including Southeast Asian countries as well as China, India, Hong Kong, South Korea, the UK and USA. CIMB Group Holdings has Baa1 long-term credit rating from Moody’s with stable outlook. CIMB Investment Bank and CIMB Bank are rated A3 by Moody’s and A- by S&P.

Public Bank Bhd

Located in Kuala Lumpur, Public Bank Berhad is the third largest bank in the country with a focus on retail customers and small and medium-sized enterprises. With over 18,500 employees, it operates through 260 branches and 2,000 self-service terminals nationwide as well as through 80 branches in Hong Kong, 30 in Cambodia, 14 in Vietnam, 3 in Sri Lanka, 4 in Laos, and 4 in China. The company offers retail and corporate banking, investment banking, trustee and brokerage services, bancassurance, mobile and online banking, wire transfers and more. In March 2019, it had US$103 billion in total assets, US$84 billion in deposits, US$78 billion in loans and US$10 billion in total equity.

RHB Bank

RHB Bank Berhad is the 4th largest financial institution in Malaysia by assets. RHB's key business segments are retail banking, business & transaction banking, wholesale banking, insurance, shariah business, international banking, and Singapore business operations. Wholesale segment comprises corporate and investment banking, treasury & global markets, asset management and private equity. The Group’s main subsidiaries are RHB Investment Bank, RHB Islamic Bank and RHB Insurance. With more than 14,400 employees, the company operates through over 330 branches and 2,400 self-service terminals including ATMs, cash deposit machines (CDM), coin deposit machines, cheque deposit machines and cash recycler machines.

Hong Leong Bank

Hong Leong Bank (HLB), a subsidiary of Hong Leong Financial Group, is one of the top 5 financial institutions in Malaysia. The Bank operates through an extensive network of over 300 branches distributed throughout Malaysia. HLB was the first Malaysian bank to enter the Chinese banking sector. Hong Leong Bank is listed on Bursa Malaysia with a market capitalization of US$8.4 billion as of September 27, 2019.

AmBank Group

AmBank Group is one of the top 10 banks in Malaysia with total assets of US$37 billion. The Group’s brands include AmBank, AmInvest, AmBank Islamic, AmMetLife and others. With workforce of more than 9,500 employees, the company provides personal, business and investment banking, Islamic and online banking, life insurance, general insurance, family Takaful, stock and futures broking, asset management, REIT (real estate investment trust) and other services. Founded in 1975 as Arab-Malaysian Development Bank, the firm today serves about 3 million clients. The distribution channels include over 170 branches, 764 automated teller machines (ATMs) and 11 regional offices.

UOB Malaysia

United Overseas Bank (Malaysia) Bhd is the largest foreign bank in the country. Founded in 1993, it was merged with Lee Wah Bank to operate as a single entity. Today, it maintains 45 branches and offers a broad range of services including deposit products, bancassurance, credit cards, personal and business loans, investment banking, cash management, treasury and trade services, wealth management, general and life insurance, asset and ship finance, structured finance, foreign exchange, payment services and much more. UOB Malaysia operates as a subsidiary of United Overseas Bank Limited, a Singaporean banking giant with offices in most Southeast Asian countries.

Bank Rakyat

Bank Rakyat (Bank Kerjasama Rakyat Malaysia Berhad) is the leading Islamic cooperative bank. It was established in 1954 and operates an extensive network of 150 branches, 21 Rakyat Xcess (mini-branches), 1,000 ATMs, cash deposit machines and CICO terminals; and 114 Ar-Rahnu XChange, a franchise which offers Islamic pawn broking services. At December 2017, the Bank’s Facebook page recorded 174,000 fans, and Twitter and Instagram profiles registered 745,000 and 12,900 followers, respectively. In 2018, Rakyat recorded net profit of US$300 million, total assets of US$26 billion and customer deposits of US$20 billion.

OCBC Bank (Malaysia)

OCBC Bank (Malaysia) Berhad is one of the biggest foreign banks in the country by deposits, loans, assets, number of branches and employees. It provides high-quality customer services in the following areas: business and investment banking, retail and Islamic banking, transaction banking and treasury. OCBC Al-Amin offers unrivaled Islamic financial products to meet the needs of Muslims. OCBC Malaysia is a subsidiary of Singaporean Oversea-Chinese Banking Corp., the 2nd largest banking group in Southeast Asia and one of the most highly-rated banks in the world.

HSBC Bank Malaysia

HSBC Bank Malaysia Berhad is the third largest foreign bank and the tenth largest among all Malaysian banks by assets. With about 70 branches and 4,000 employees, it offers a broad suite of personal and commercial banking services including deposit and lending products, credit cards, mortgages, wealth management, investments, capital markets, foreign exchange and more. HSBC Amanah Malaysia is the largest foreign Islamic bank in Malaysia by number of branches.

Related Articles: Foreign Banks in Malaysia

List of Financial Holding Companies in Malaysia

Affin Holdings Berhad
Alliance Financial Group
AMMB Holdings
Avicennia Capital Sdn
BIMB Holdings
CIMB Group Holdings
HLA Holdings Sdn Bhd
Hong Leong Financial Group
K&N Kenanga Holdings
Malaysian Industrial Development Finance
Maybank Ageas Holdings
MNRB Holdings
MPHB Capital
RHB Capital Berhad
Tune Protect Group