Maybank to continue thriving in GCFS market

PETALING JAYA: While Malayan Banking Bhd (Maybank) has a strong base and market share in the group community financial services (GCFS) space, analysts are mixed about the bank’s optimistic growth projections for this division over the next few years.

Following a recent Maybank’s Investor Day for its GCFS division, CGS-CIMB Research said it does not see exceptional growth of more than 10% per annum for this division’s revenue in the next three to five years.