Maybank opens first Laos branch

Malaysia’s largest bank, Maybank, opened its first branch in Laos on November 5, completing the bank’s coverage of all 10 ASEAN member nations.

The branch was opened by Prime Minister Datuk Seri Najib Tun Razak.

“Our financial sector is evolving, looking to new horizons; investing more internationally, strengthening connections with our regional partners, and building capability and strength beyond our borders,” Najib said when opening the bank’s branch at Lane Xang Avenue, the main financial center of Laos’ capital Vientiane.

Maybank’s move comes closely after Laos has successfully joined the World Trade Organisation last week after 15 years of talks, showing Laos’ potential as a growth market and its commitment to opening its economy.

According to Najib, Malaysians were among the top 10 foreign investors in Laos last year, and with trade between Laos and ASEAN increasing and global firms looking for local support, Malaysian banks “could turn strong beginnings into lasting success.”

Maybank is Malaysia’s regional financial services leader with an international network of over 2,200 offices in 20 countries including Hong Kong, China, Bahrain, Uzbekistan, Pakistan, India, Saudi Arabia, UK and the US. It has over 46,000 employees serving more than 22 million customers worldwide.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

Malaysia's largest bank, Maybank, opened its first branch in Laos on November 5, completing the bank's coverage of all 10 ASEAN member nations. The branch was opened by Prime Minister Datuk Seri Najib Tun Razak. "Our financial sector is evolving, looking to new horizons; investing more internationally, strengthening connections with our regional partners, and building capability and strength beyond our borders," Najib said when opening the bank's branch at Lane Xang Avenue, the main financial center of Laos' capital Vientiane. Maybank's move comes closely after Laos has successfully joined the World Trade Organisation last week after 15 years of talks,...

Malaysia’s largest bank, Maybank, opened its first branch in Laos on November 5, completing the bank’s coverage of all 10 ASEAN member nations.

The branch was opened by Prime Minister Datuk Seri Najib Tun Razak.

“Our financial sector is evolving, looking to new horizons; investing more internationally, strengthening connections with our regional partners, and building capability and strength beyond our borders,” Najib said when opening the bank’s branch at Lane Xang Avenue, the main financial center of Laos’ capital Vientiane.

Maybank’s move comes closely after Laos has successfully joined the World Trade Organisation last week after 15 years of talks, showing Laos’ potential as a growth market and its commitment to opening its economy.

According to Najib, Malaysians were among the top 10 foreign investors in Laos last year, and with trade between Laos and ASEAN increasing and global firms looking for local support, Malaysian banks “could turn strong beginnings into lasting success.”

Maybank is Malaysia’s regional financial services leader with an international network of over 2,200 offices in 20 countries including Hong Kong, China, Bahrain, Uzbekistan, Pakistan, India, Saudi Arabia, UK and the US. It has over 46,000 employees serving more than 22 million customers worldwide.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply