Maybank seeks to increase activities in Indonesia

Singapore

MALAYAN Banking Bhd, Malaysia's largest lender, is seeking to increase corporate lending and investment-banking activities in Indonesia to help shelter it from slower economic growth in its home country.

Maybank, as the company is known, will focus on lending to large companies in the transport, utilities and consumer businesses in Indonesia, Feisal Zahir, the firm's global banking head, said on Tuesday in his first media interview since he assumed the position in October. He declined to provide the bank's financial targets for Indonesia this year.