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The Central Bank of Malaysia (BNM) is the Malaysian central bank that issues currency, acts as the banker and advisor to the government, and regulates the financial system. BNM was established in 1959 and has its headquarters in Kuala Lumpur and branches in six states and three countries.
PayNet is a private limited company that provides various payment services and products for Malaysia's financial markets. It operates eSPICK, JomPAY, FPX, DuitNow and DuitNow QR, and is involved in international fast payment linkage projects.
Find out the ranking, assets and equity of the top largest banks in Malaysia as of 31 December 2023. UOB Malaysia is the seventh largest bank with total assets of 140.4 billion ringgit and equity of 12.6 billion ringgit.
MEPS is an interbank network service provider in Malaysia that merged with MyClear to form PayNet in 2017. PayNet offers various payment services, such as ATM switching, cross-border network, and smart card specification, to participating banks and customers.
Maybank is the largest bank in Malaysia and one of the largest in Southeast Asia, with operations in 10 ASEAN countries and other regions. It offers various financial services, such as banking, insurance, investment banking, and leasing, and has a history of acquisitions and partnerships since 1960.
The New Economic Policy in Malaysia presented strategies meant to address economic growth. [12] As a result, the poverty rate fell from 52.4% in 1970 to 3.8% in 2009. [12] Malaysia seeks to address poverty at the micro-level and has produced a New Economic Model and framework in the Tenth Malaysia and Eleventh Malaysia Plans to address this ...
Public Bank Berhad is a Malaysian bank offering financial services in Asia-Pacific since 1966. It is one of the largest banks in Southeast Asia, with over RM 363.76 billion of assets and RM71.90 billion of market capitalization in 2015.
CIMB is a state-owned bank that operates in Malaysia, Indonesia, Singapore and Thailand. It was formed from the merger of several banks and offers various financial services, including consumer banking, corporate banking, investment banking and Islamic banking.