Maybank to invest up to RM4.5bil under M25+

Maybank group president and chief executive officer Datuk Khairussaleh Ramli

KUALA LUMPUR: Malayan Banking Bhd (Maybank) will invest between RM3.5 billion and RM4.5 billion over the next three to five years to implement 12 strategic programmes under its refined corporate strategy called M25+.

Maybank group president and chief executive officer Datuk Khairussaleh Ramli said about 77 per cent of the total investments would be for technology, covering two main areas namely tech-for-tech, which includes back-end integration of banking infrastructure, and tech-for-business to support the delivery of strategic outcomes.