KLANG: Malayan Banking Bhd is expanding its domestic presence aimed at enhancing its market share, particularly in Peninsula Malaysia and will open another 30 branches nationwide by June 2009, said its network support head for consumer banking, Lee Chee Ming said. The country’s largest lender by assets currently holds a 20% market share in consumer banking with about 400 branches. Lee said from the additional 30 branches, five would be “in-store” branches located in shopping centres, while the remaining 25 would be conventional branches. “The branch strategy at retail malls has seen a significant increase in our e-channel’s business, particularly automated teller machine (ATM) transactions, which are 50% higher compared with the average ATM transactions at other Maybank ATMs nationwide,” Lee said at the official opening of its fifth in-store branch at the AEON Bukit Tinggi shopping centre here yesterday. Read more(The Edge 5-3-2008)
