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Maybank in Indonesia for the long term.

Business Times (Malaysia)

| September 27, 2010 | COPYRIGHT 1999 Financial Publications Sdn Bhd. (Hide copyright information)Copyright

MALAYAN Banking Bhd (Maybank), the country's largest lender, will continue to invest and expand in neighbouring Indonesia despite the anti-Malaysia sentiment of a few Indonesians.

Its president and chief executive officer Datuk Seri Abdul Wahid Omar is unfazed by the demonstrations which have taken place and considers them as isolated cases.

He said the bank intended to be in Indonesia for the long term and would continue to invest there.

"We are now opening one new branch a week in Indonesia ... will grow 450 branches within two years," Abdul Wahid told reporters at Maybank's Raya Open House in Kuala Lumpur last Saturday.

Bank Internasional …

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