Banks in Malaysia

The Malaysian banking sector consist of 27 commercial banks (including 19 licensed foreign banks), 11 investment banks, 18 Islamic banks as well as non-bank financial institutions.

Affin Bank – The commercial banking arm of AFFIN Group, operating 145 branches across Malaysia (AFFIN Group website, retrieved September 2026).

Alliance Bank Malaysia Berhad – A financial services group headquartered in Kuala Lumpur, licensed by Bank Negara Malaysia as a commercial bank. Alliance Islamic Bank is its Islamic banking subsidiary.

AmBank Group – The sixth largest Malaysian financial services group with over 170 branches and 11,000 employees. The group operates through AmBank (M) Berhad, AmBank Islamic Berhad and AmInvestment Bank.

Bank Rakyat – The largest Islamic cooperative bank in Malaysia with around 150 branches, 970 ATMs and 95 Ar-Rahnu X'Change (Islamic pawnshop outlets).

Citibank Berhad – A commercial bank operating eleven branches and three Citi Service Centers.

Hong Leong Financial Group – One of the leading Malaysian banking and financial services companies.

HSBC Bank Malaysia Berhad – The largest foreign bank in Malaysia with more than 60 branches and 4,000 employees. HSBC Amanah is an Islamic banking subsidiary of HSBC Bank Malaysia.

Bank Negara Malaysia – The Central Bank of Malaysia established in January 1959. As the country's monetary authority, BNM is responsible to maintain monetary stability. Bank Negara has representative offices in London and New York.

CIMB Group – One of the leading financial institutions in Malaysia with the largest Asia Pacific investment banking network. Headquartered in Kuala Lumpur, CIMB operates in 16 countries covering ASEAN and major global financial centers.

Maybank – One of Malaysia's largest banking groups by total assets. The company was established by Khoo Teck Puat in 1960.

OCBC Bank (Malaysia) Berhad – The first Singapore based Islamic Bank established in Malaysia. With more than 40 branches, it is one of largest foreign banks in the country by assets.

Public Bank Bhd – One of the leading financial services providers in Malaysia established by its founder Teh Hong Piow. PBB is among the largest Malaysian banks by shareholders' funds and market capitalization.

RHB Banking Group – The fourth largest financial services group in Malaysia with more than 200 branches across the country.

United Overseas Bank (Malaysia) Bhd operates approximately 50 branches nationwide. UOB (Malaysia) launched its Islamic banking products in 2016.

Top Banks in Malaysia

The following table ranks the largest banks in Malaysia by total assets as reported in their 2013 and 2014 financial statements; it has not been updated since. Bank of Nova Scotia Berhad, Royal Bank of Scotland Berhad and National Bank of Abu Dhabi Malaysia no longer appear in Bank Negara Malaysia's directory of licensed financial service providers, while MBSB Bank and the five licensed digital banks are absent from the table. Bank Rakyat, Bank Simpanan Nasional and Bank Pembangunan Malaysia are development financial institutions rather than licensed commercial banks.

Rank Bank Total Assets (RM, bn) Financial Statement
1 Malayan Banking Berhad (Maybank) 640.300 12/31/2014
2 CIMB Group Holdings 414.156 12/31/2014
3 Public Bank 345.722 12/31/2014
4 RHB Bank Berhad 219.354 12/31/2014
5 Hong Leong Financial Group 194.874 12/31/2014
6 AMMB Holdings 130.202 12/31/2014
7 United Overseas Bank (Malaysia) 93.177 09/30/2014
8 Bank Rakyat 89.305 12/31/2014
9 OCBC Bank (Malaysia) 89.176 09/30/2014
10 HSBC Bank Malaysia 82.997 12/31/2014
11 Affin Bank Berhad 66.670 12/31/2014
12 Standard Chartered Bank Malaysia 51.360 09/30/2014
13 Alliance Bank Malaysia Berhad 51.237 12/31/2014
14 Bank Islam Malaysia 42.879 09/30/2014
15 Citibank Berhad 37.592 09/30/2014
16 Bank Simpanan Nasional 31.688 12/31/2014
17 Bank Pembangunan Malaysia 29.246 12/31/2013
18 Bank Muamalat Berhad 22.214 09/30/2014
19 MUFG Bank (Malaysia) Berhad 15.322 09/30/2014
20 Bank of China (Malaysia) 10.451 09/30/2014
21 Deutsche Bank (Malaysia) 8.794 09/30/2014
22 Al Rajhi (Malaysia) 6.803 09/30/2014
23 Sumitomo Mitsui Banking Corp Malaysia 6.799 12/31/2014
24 J.P. Morgan Chase Bank Berhad 6.591 09/30/2014
25 Bank of Nova Scotia Berhad 4.538 07/31/2014
26 Bangkok Bank Berhad 4.292 09/30/2014
27 ICBC Malaysia 4.219 09/30/2014
28 BNP Paribas Malaysia 3.367 09/30/2014
29 Royal Bank of Scotland Berhad 2.946 09/30/2014
30 Mizuho Bank (Malaysia) 2.921 12/31/2014
31 Bank of America Malaysia 2.314 09/30/2014
32 National Bank of Abu Dhabi Malaysia 1.296 09/30/2014

SWIFT Codes for Banks in Malaysia

SWIFT code is a standard format of Bank Identifier Codes (BIC) approved by the International Organization for Standardization. It is the unique identification code of a particular bank. These codes are used when transferring money between banks. The SWIFT code is 8 or 11 characters. For Malaysian Banks, only 8 characters swift code is required. In case the issuing banks requires 11 characters then just add XXX at the end.

Affin Bank Berhad – PHBMMYKL
Alliance Bank Malaysia Berhad – MFBBMYKL
Ambank Berhad – ARBKMYKL
Bank Islam Malaysia Berhad – BIMBMYKL
Bank Kerjasama Rakyat Berhad – BKRMMYK1
Bank Muamalat Berhad – BMMBMYKL
Bank of America – BOFAMY2X
Bank Simpanan Nasional – BSNAMYK1
CIMB Bank Berhad – CIBBMYKL
Citibank Berhad Malaysia – CITIMYKL
Deustche Bank – DEUTMYKL
HSBC Bank Malaysia Berhad – HBMBMYKL
Hong Leong Bank Berhad – HLBBMYKL
Malayan Banking Berhad – MBBEMYKL
OCBC Bank Berhad – OCBCMYKL
Public Bank Berhad – PBBEMYKL
RHB Bank Berhad swift code – RHBBMYKL
Standard Chartered Bank Malaysia Berhad – SCBLMYKX
United Overseas Bank Berhad – UOVBMYKL

Last updated