There are now over 30 banks operating in the country. So choosing the best bank in Malaysia can be quite challenging. Malaysia is a Southeast Asian country with a population of 31.7 million people and an economy that has seen rapid growth in recent years. With this economic development, it’s no surprise that the banking sector in Malaysia has also grown significantly.
Fortunately, there are plenty of resources available to help you make your decision. This article will provide an introduction to some of the top Malaysian banks and explain what criteria you should consider when selecting a financial institution for your needs. We’ll look at each bank’s interest rates, fees, customer service ratings and more to give you an overview of what makes them stand out from the competition.
Best Bank In Malaysia
Malaysia is home to a number of top-tier banks, providing a wide range of financial services to both individuals and businesses. Here are the top 10 banks in Malaysia, listed in alphabetical order:
Affin Bank Berhad: Affin Bank Berhad is a subsidiary of Affin Holdings Berhad, and provides a full range of banking and financial services, including personal and business loans, savings and current accounts, credit cards, and insurance products. They have a network of over 80 branches and more than 400 ATMs across Malaysia.
Address: Level 14, Menara Affin Bank, No. 2, Jalan Tun Perak, 50050 Kuala Lumpur, Malaysia
Website: https://www.affinbank.com.my/
CIMB Bank Berhad: CIMB Bank Berhad is one of the largest universal banks in Malaysia, offering a wide range of financial products and services, including consumer and business banking, investment banking, and insurance. With a network of over 1,100 branches and ATMs, CIMB Bank is a popular choice for many Malaysians.
Address: Menara CIMB, Jalan Stesen Sentral 2, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia
Website: https://www.cimb.com/
Hong Leong Bank Berhad: Hong Leong Bank Berhad is a leading financial institution in Malaysia, offering a wide range of banking services, including personal and business loans, credit cards, savings and current accounts, and insurance products. With a network of over 200 branches and ATMs, Hong Leong Bank is easily accessible to Malaysians across the country.
Address: Menara Hong Leong, No. 6, Jalan Damanlela, Bukit Damansara, 50490 Kuala Lumpur, Malaysia
Website: https://www.hlb.com.my/
Maybank: Maybank is one of the largest banking groups in Southeast Asia, and provides a wide range of financial services, including consumer and business banking, investment banking, and insurance. With a network of over 2,000 branches and ATMs, Maybank is a convenient choice for many Malaysians.
Address: Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur, Malaysia
Website: https://www.maybank2u.com.my/
Public Bank Berhad: Public Bank Berhad is one of the largest banks in Malaysia, offering a range of financial services, including personal and business loans, credit cards, savings and current accounts, and insurance products. With a network of over 300 branches and ATMs, Public Bank is a popular choice for many Malaysians.
Address: Public Bank Berhad, No. 11, Jalan Bendahara, 75100 Melaka, Malaysia
Website: https://www.pbebank.com/
RHB Bank Berhad: RHB Bank Berhad is a leading financial institution in Malaysia, offering a range of banking services, including personal and business loans, credit cards, savings and current accounts, and insurance products. With a network of over 300 branches and ATMs, RHB Bank is easily accessible to Malaysians across the country.
Address: RHB Bank Berhad, Menara RHB, Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia
Website: https://www.rhbgroup.com/
Standard Chartered Bank Malaysia: Berhad Standard Chartered Bank Malaysia Berhad is a subsidiary of Standard Chartered Bank, and provides a range of financial services, including consumer and business banking, investment banking, and insurance.With a network of over 20 branches and ATMs, Standard Chartered Bank is a convenient choice for many Malaysians seeking international banking services.
Address: Standard Chartered Bank Malaysia Berhad, Level 8, Menara Standard Chartered, 30 Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia
Website: https://www.sc.com/my/
UOB Malaysia: UOB Malaysia is a subsidiary of United Overseas Bank Limited, and provides a range of financial services, including personal and business loans, credit cards, savings and current accounts, and insurance products. With a network of over 50 branches and ATMs, UOB is a popular choice for many Malaysians.
Address: UOB Malaysia, Ground Floor, Menara UOB, No. 2, Jalan Gelenggang, Damansara Heights, 50490 Kuala Lumpur, Malaysia
Website: https://www.uob.com.my/
Bank Islam Malaysia Berhad: Bank Islam Malaysia Berhad is the country’s first Islamic bank, and provides a range of Shariah-compliant financial services, including personal and business loans, credit cards, savings and current accounts, and insurance products. With a network of over 140 branches and ATMs, Bank Islam is a popular choice for Malaysians seeking Islamic banking services.
Address: Bank Islam Malaysia Berhad, Menara Bank Islam, No. 30, Jalan Gelenggang, Damansara Heights, 50490 Kuala Lumpur, Malaysia
Website: https://www.bankislam.biz/
AMMB Holdings Berhad (AmBank Group): AMMB Holdings Berhad, commonly known as AmBank Group, is one of the largest banking groups in Malaysia, offering a range of financial services, including personal and business loans, credit cards, savings and current accounts, and insurance products. With a network of over 200 branches and ATMs, AmBank is a popular choice for many Malaysians.
Address: AmBank Group, Menara AmBank, 8 Jalan Yap Kwan Seng, 50450 Kuala Lumpur, Malaysia
Website: https://www.ambankgroup.com/
Best Banks in Malaysia Near Me
In conclusion, Malaysia has a strong and competitive banking sector, offering a wide range of financial services to both individuals and businesses. Each of the top 10 banks in Malaysia have their own strengths and offerings, and it is up to the individual to decide which bank best suits their needs. Regardless of the bank, all of these institutions are subject to strict regulations by the Malaysian central bank, Bank Negara Malaysia, to ensure the safety and stability of the country’s financial system.