12 July 2024

Maybank Indonesia Won the 2024 ABF Retail Banking Award

PT Bank Maybank Indonesia Tbk (Maybank Indonesia or Bank) received the "Wealth Management Platform of The Year – Indonesia" award at the 2024 Asian Banking & Finance Retail Banking Awards for the achievements by the Wealth Management business. Maybank Indonesia Head of Wealth Management Aliang Sumitro (second from left) poses for a group photo when receiving the "Wealth Management Platform of the Year – Indonesia" award.

PT Bank Maybank Indonesia Tbk (Maybank Indonesia or Bank) received the "Wealth Management Platform of The Year – Indonesia" award at the 2024 Asian Banking & Finance Retail Banking Awards for the achievements recorded by the Wealth Management business.

In 2023, Maybank Indonesia recorded a growth in fee-based income of 190% over the last nine years, growing consistently by 13% yearly.

The Asian Banking Finance & Retail Banking Awards is an awards program for the banking and finance industry at the Asian level. It aims to recognize and appreciate the region's financial and banking institutions adept at changing the retail banking landscape.

Acting President Director of Maybank Indonesia Steffano Ridwan said that 'Wealth Management' is one of Maybank Indonesia's mainstay businesses. "The 2024 Asian Banking & Finance Retail Banking Awards is proof of the recognition that Maybank Indonesia has received at the Asian level for its innovative products, financial services, and services that are beneficial to Wealth Management Bank customers," he said today.

Maybank Indonesia's Wealth Management service prioritizes a customer-centric approach to providing comprehensive solutions and services. Through the M25+ strategy, namely "One Maybank," customers can easily access conventional banking products, insurance, and investment instruments such as mutual funds and retail bonds from both Maybank Indonesia and its subsidiary network.

Steffano said that to develop this business, Maybank Indonesia will be more aggressive in building partnership strategies with leading business partners from the insurance and investment industries. This will also allow customers to utilize services such as loans and securities through Maybank Indonesia's wider network of subsidiaries and affiliated companies.

Maybank Indonesia also launched the Shariah Wealth Management (SWM) solution offering a comprehensive approach to support customers’ wealth management needs applying Shariah principles, especially for wealth purification and distribution.

Maybank Indonesia has also equipped its services with 360 Digital Wealth, an innovative financial management feature in the M2U Internet banking platform that integrates all customer financial activities.

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About Maybank Indonesia

Maybank Indonesia is one of the leading banks in Indonesia and is a part of the regional and international network of the Maybank Group. Maybank Indonesia provides a comprehensive range of products and services for individual and corporate customers through Community Financial Services and Global Banking and automotive financing through subsidiaries, WOM Finance for two-wheel vehicles and Maybank Finance for four-wheel vehicles. Maybank Indonesia also continues to develop Digital Banking services and capacity through M2U (App and Web), M2E for corporate customer and other various channels.

As of March 2024, Maybank Indonesia has 327 branches, including Shariah branches spread across Indonesia, including one overseas branch in Mumbai, India, 22 Mobile Branch and 734 ATMs (including 26 Cash Recycle Machines/CRMs) connected with over 20,000 ATMs available through ATM PRIMA, ATM BERSAMA, ALTO, CIRRUS, and connected to 3,500 Maybank ATMs in Singapore, Malaysia and Brunei. Maybank Indonesia manages customer deposits amounting to Rp117.22 trillion and has total assets value of Rp177.65 trillion as of March 2024.

For more information:

Dimas Tjahjono Dradjat
Head, Communications
Email: ccommunications@maybank.co.id  
Telp: +6221 2922-8888