South East Asian’s fourth largest bank opened at Subic

By Jason de Asis

CLARK FREEPORT, Pampanga, March 25, 2011-To further strengthen its presence in the Philippines, the Maybank (Malaysian Bank) which is the fourth largest bank in South East Asia is now operating inside this Freeport Zone as a one stop financial shop offering customers a portfolio of products and services suited to meet a variety of needs especially to those based here and its immediate surroundings.

It is located within the BerthaPhil Clark Center Compound which is right in the heart of an emerging community that features, at full build-out, an information technology business park, commercial shopping centers, entertainment complexes, condominiums and a school campus.

The Maybank Philippines is a member of the Maybank Group, Malaysia’s leading financial services provider backed by over USD100 billion in Group assets and USD18.6 billion market capitalization and has outlets in 14 countries worldwide to includes the key financial centers such as Singapore, HongKong, Jakarta, Shanghai, New York and London.

The Maybank Group has expanded its reach in South East Asia and also strengthened operations in the Philippines.  In fact 2010 alone, five new branches in five different sites were opened, bringing the total branch count to 50.

Meanwhile, the Clark Freeport Zone is considered as premier location for business establishments that gives attractive tax privilege offerings, professional support services and high-technology amenities, adding that it is fast becoming a major International gateway  via the Diosdado Macapagal International Airport given its proximity to major Asian destinations such as China, HongKong, Japan, Korea, Malaysia and Singapore. (Jason de Asis)