November 22, 2014 10:43 PM ET

Banks

Company Overview of Maybank Philippines, Incorporated

Company Overview

Maybank Philippines, Incorporated operates as a commercial bank providing cash management services, remittance services, commercial loans, and trade finance. The company was formerly known as PNB-Republic Bank of the Philippines. It was founded in 1997 and is based in Manila, Philippines. Maybank Philippines, Incorporated operates as a subsidiary of Malayan Banking Berhad.

Legaspi Towers 300

Roxas Boulevard corner Pablo Ocampo Senior Street

Malate

Manila,  1400

Philippines

Founded in 1997

Phone:

63 2 523 7777

Fax:

63 2 521 8514

Key Executives for Maybank Philippines, Incorporated

Maybank Philippines, Incorporated does not have any Key Executives recorded.

Maybank Philippines, Incorporated Key Developments

Maybank Philippines Mulls Acquisitions

Maybank Philippines, Incorporated is seeking acquisition opportunities. Eden Leah Estrella, Maybank cards business head, said they have plans for acquisition to grow their card base.

Maybank Plans M&A Or IPO

Maybank Philippines, Incorporated is looking at acquiring or merging with a publicly listed bank. Maybank Philippines’ President and Chief Executive Officer, Herminio M. Famatigan Jr said: “There are so many possibilities, we can do a straightforward IPO (initial public offering) or we can buy a listed bank, that's another option. There's no rush for us to do it, we're not there yet. We're discussing when to do that.” Maybank Philippines may plan an IPO or do a merger and acquisition deal in the next two years. He said: “Our strategy is to grow organically but if an opportunity presents itself from the point of view of valuation (then) we will be interested to buy a bank. We want to get to 200 branches as soon as we can.”

MPI Mulls IPO

Maybank Philippines, Incorporated (MPI) is seeking to launch its initial public offering (IPO). Maybank will list 10% of its shares in the local bourse. Dato’ Sri Abdul Wahid Omar, Chief Executive Officer and President of Malayan Banking Bhd, parent of Maybank Philippines, said that the listing of MPI’s 10% shares won’t likely happen within the next two years. "We have three years to comply with the requirement. So our goal is to grow the business, to grow the franchise," he added.

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