Maybank opens 4th branch in Greater China

Kuala Lumpur

MALAYSIA'S Maybank is opening a branch in Kunming in Yunnan province, its fourth in Greater China, a region where pre-tax profits and gross loans rose by about a third last year.

The bank said the move is strategic not only because of China's potential, but also because the south-western province is well positioned as a gateway to South Asia and to Asean.

Its chairman Megat Zaharuddin, in a reference to the Asean sub-region comprising Cambodia, Myanmar, Laos and Vietnam, said: "Given that Maybank has a presence in the 10 …