MALAYAN BANK is a savings and mortgage bank which was granted authority to operate by the Bangko Sentral ng Pilipinas (the central monetary authority of the Philippines) in June 1996, pursuant to the Monetary Board Resolution No. 1201 dated October 18, 1995. It formally joined forces with the banking industry as it opened its doors on July 1, 1996 offering a wide array of product lines and services that cater to the rising needs of the banking public. The bank is a joint undertaking of Majalco, Inc., a real estate company established in the 1960s, and other distinguished corporate personalities, foremost of which are the principal shareholders of GMA Network, Inc., a leading broadcasting network in the Philippines, and Liberty Flourmills Corp., a conglomerate in flour milling. The bank has an authorized capitalization of Php1 billion. |
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The bank envisions to be a leading thrift bank, among the top choices of its markets, ranking within the top 10 of the Savings and Mortgage Banking Industry. It is committed to its prudent banking and investment policies ensuring that the bank’s primary thrust of providing its clients with YSL – yield, security, and liquidity – is sustained. It is committed to the stability and security of its stockholders’ investment that it aims to provide them a fair return on their investment. It provides its employees with the suitable environment and a fair reward system necessary to develop skill, capabilities and proper attitude towards valuable professional growth and a strong commitment to the institution.
Malayan Bank currently services seven major cities in Metro Manila, namely, Makati, where the executive offices are also housed; Quezon City, Mandaluyong, Pasig, Marikina, Las Piñas and Sta. Rosa, Laguna. It capitalizes on its infrastructure of a branch network and Information Technology systems that aim to add value to its banking services; maximized utilization of computer systems to deepen its core competencies in efficient
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service and reliable operation; and value-oriented, committed and competent manpower.
Performance-wise, the bank has seen growth from year to year. From a humble beginning ten years ago, it now boasts of a membership with BancNet, the leading Philippine electronic ATM network, giving its clients access to the biggest number of cash stations nationwide; an active and established Foreign Currency Deposit Unit; active selling of Government Securities; and accreditation with various government and private corporations as an authorized collection agent.
Answering the government’s call for providing means of livelihood to the urban poor, Malayan Bank is active in micro-lending. With the onset of developments in technology, Malayan Bank hopes to venture into a more sophisticated system of electronic banking in order to attain its vision as it champions its commitment to its stakeholders.
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