Maybank not keen on digital licence

KUALA LUMPUR: Malayan Banking Bhd (Maybank), which reported a net profit of RM8.2bil for the financial year ended Dec 31,2019 (FY19), is not keen on applying for a digital banking licence as its current licence both here and in Singapore already allows it to carry out such operations, its chief said.

“From that perspective, when we consider whether we should apply, we ask ourselves, why should we?” group president and chief executive officer Datuk Abdul Farid Alias said.

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