Top 6 Largest Financial Service Companies in Malaysia

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In this post, let's examine 6 of the largest financial services companies in Malaysia, ranked by market capitalization. Go directly to other related articles ... read more...

  1. Top 1

    CIMB Group

    The Kuala Lumpur-based CIMB Group is a Malaysian universal bank that conducts business in ASEAN countries with fast-growing economies. A native ASEAN investment bank is CIMB Group. With 1,080 locations spread out across the region, CIMB has a sizable retail branch network.

    The group conducts business as CIMB Investment Bank, CIMB Bank, CIMB Islamic, CIMB Niaga, CIMB Securities International, and CIMB Thai, among other organizations. Consumer banking, wholesale banking, including investment banking and corporate banking, Treasury & Markets, and group strategy and strategic investments make up the majority of the group's business activities. Malaysia, Indonesia, Singapore, and Thailand are its primary markets. In keeping with the group's dual banking concept, CIMB Islamic runs these activities side by side.


    CIMB Group's market capitalization as of April 2023 is $10.51 billion. By market cap, this places CIMB Group as the 1423rd most valuable company in the world. The most recent financial reports for CIMB Group show that the company's current revenue (TTM) is $4.49 billion. The company generated $4.39 billion in revenue in 2021, an increase from $3.93 billion in 2020.


    Founded: January 2006
    Headquarters: Kuala Lumpur, Malaysia
    Website: cimb.com

    Screenshot via 		cimb.com
    Screenshot via cimb.com
    Screenshot via 		cimb.com
    Screenshot via cimb.com

  2. Top 2

    (HLBank) Hong Leong Bank

    Kwong Lee Mortgage & Remittance Company was the name under which Hong Leong Bank launched its first operations in Kuching, Sarawak, in 1905. The corporation provided loans in exchange for export commodities like pepper, rubber, and other homegrown goods. Also, it offered the ability for Chinese citizens living abroad to send money home to their families in China's southeast.

    The corporation experienced a challenging period of growth in its early years as a result of being caught in several economic crises. In 1914, the outbreak of the First World War caused panic in the financial community. The post-war recession of 1920–1921 began a few years after hostilities were over. In 1923, following the depression, the firm established a branch in Sibu.


    Hong Leong Bank's market valuation as of April 2023 (HLBank) is $9.74 billion. By market capitalization, Hong Leong Bank ranks as the 1493rd most valuable corporation in the world. The most recent financial reports from Hong Leong Bank (HLBank) show that the company's current revenue (TTM) is $1.30 billion. The company generated $1.29 billion in revenue in 2021, up from $1.19 billion in 2020.


    Founded: 1905
    Headquarters: Menara Hong Leong, No.6, Jalan Damanlela, Bukit Damansara, 50490, Kuala Lumpur, Malaysia
    Website: www.hlb.com.my

    Screenshot via 	www.hlb.com.my
    Screenshot via www.hlb.com.my
    Screenshot via 	www.hlb.com.my
    Screenshot via www.hlb.com.my
  3. Top 3

    PBBank (Public Bank Bhd)

    Public Bank Berhad (MYX: 1295) is a bank with headquarters in Kuala Lumpur, Malaysia, that provides financial services in Asia-Pacific and Malaysia. Teh Hong Piow, the then-general manager of Malayan Banking, formed the bank in 1966. In 1967, the bank went public on the Malaysian Stock Exchange. With assets exceeding RM 363.76 billion (US$91.26 billion) and a market value of RM 71.90 billion (US$18.04 billion) in 2015, Public Bank is one of the biggest banks in Southeast Asia at the moment.

    In terms of shareholders' funds, Public Bank is the biggest bank in Malaysia, followed by Maybank and CIMB in terms of market capitalization and total assets, respectively. A wide variety of financial services and products are currently provided by Public Bank, including personal banking, business banking, Islamic banking, investment banking, share brokerage, trustee services, nominee services, the sale and management of unit trust funds, bancassurance, and general insurance products. The objective of Public Bank is to expand its retail banking operations, focusing in particular on small and medium businesses and retail customers ("SMEs").


    PBBank (Public Bank Bhd) has a market value of $3.55 billion as of April 2023. By market capitalization, this places PBBank (Public Bank Bhd) as the 2895th most valuable corporation in the world. The most recent financial reports from PBBank (Public Bank Bhd) show that the company's current revenue (TTM) is $3.04 billion. The company generated $3.01 billion in revenue in 2021, an increase from $2.69 billion in 2020.


    Founded: 1966
    Headquarters: Kuala Lumpur, Malaysia
    Website: www.pbebank.com

    Screenshot via 	 	www.pbebank.com
    Screenshot via www.pbebank.com
    Screenshot via 	 	www.pbebank.com
    Screenshot via www.pbebank.com
  4. Top 4

    Bank Islam Malaysia

    An Islamic bank with its headquarters in Malaysia, Bank Islam Malaysia Berhad, has been in operation since July 1983. In addition to providing services to the general population, Bank Islam was founded particularly to meet the financial needs of the nation's Muslim population. The bank now offers mobile banking and Sharia-compliant card services.


    The market capitalization of Bank Islam Malaysia as of April 2023 is $1.40 billion. By market capitalization, Bank Islam Malaysia is now the 4202nd most valuable corporation in the world. The most recent financial reports from Bank Islam Malaysia indicate that the company's current revenue (TTM) is $0.48 billion. The company generated $0.66 billion in revenue in 2021, an increase from $0.46 billion in 2020.


    Founded: 1 July 1983
    Headquarters: Level 32, Menara Bank Islam, No. 22, Jalan Perak, 50450 Kuala Lumpur, Malaysia

    Website: www.bankislam.com

    Screenshot via 	 	www.bankislam.com
    Screenshot via www.bankislam.com
    Screenshot via 	 	www.bankislam.com
    Screenshot via www.bankislam.com
  5. Top 5

    Starbox Group

    Targeting micro, small, and medium-sized businesses that lack the resources to create an internal data management system for efficient marketing, Starbox Group Holdings Ltd. is developing a digital advertising, cash rebate, and payment solution business ecosystem. They connect retail merchants and retail customers through Malaysian subsidiaries to facilitate transactions through cash rebates provided by retail merchants, as well as provide digital advertising services to advertisers and payment solution services to merchants.


    The market capitalization of Starbox Group as of April 2023 was $0.17 billion. By market cap, this places Starbox Group as the 6226th most valuable company in the entire globe. The most recent financial reports for Starbox Group show that the company's current revenue (TTM) is $7.19 million. The company generated $7.19 million in revenue in 2022, an increase from $3.16 million in revenue in 2021.


    Founded: 2019
    Headquarters: Malaysia
    Website: https://ir.starboxholdings.com/

    Screenshot via 	 https://ir.starboxholdings.com/
    Screenshot via https://ir.starboxholdings.com/
    Screenshot via 	 https://ir.starboxholdings.com/
    Screenshot via https://ir.starboxholdings.com/
  6. Top 6

    Treasure Global

    Software solutions are offered by Treasure Global, Inc. The company provides a trustworthy e-wallet, credit card, and online banking platform for cashless shopping with rebates at retail and e-commerce retailers. Worldwide customers are served by Treasure Global. By providing activities, travel, goods, services, and awards, Treasure Global Inc. ("TGI"), an innovative Malaysian e-commerce network, connects customers with local merchants.


    Treasure Global's market cap as of April 2023 is $29.04 million. By market cap, this places Treasure Global as the 6955th most valuable firm in the entire world. The most recent financial reports for Treasure Global show that the company's current revenue (TTM) is $72.94 million. The company generated $56.68 million in revenue in 2021.


    Founded: March 20, 2020
    Headquarters: Malaysia
    Website: http://treasureglobal.co/

    Screenshot via 	 http://treasureglobal.co/
    Screenshot via http://treasureglobal.co/
    Screenshot via 	 http://treasureglobal.co/
    Screenshot via http://treasureglobal.co/



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