KUCHING: The Maybank Group announced that it complied with regards to the new shareholding requirement of commercial banks in Indonesia.
In a press release it stated that the Group had always supported objectives which promoted good corporate governance, strong risk management and prudent practices by banks.
In this regard, the Group, including Bank Internasional Indonesia (BII), had and would continue to emphasise these practices as core thrusts in managing its operations.
Dato’ Sri Abdul Wahid Omar, president and chief executive officer of Maybank said, “In the pursuit of growth, BII will continuously uphold high standards in risk management, corporate governance and prudent banking practices to ensure its soundness as a financial institution will be recognised by the regulator, thus allowing it to maintain its current shareholding structure, subject to the divestment required by Bapepam – LK.”
BII would also continue to work closely with the regulator and be guided by it in the implementation of this new regulation.
Abdul Wahid reiterated that Maybank’s vision was to make BII one of Indonesia’s leading banks, not only in terms of products and services, but in facilitating trade and investment flows into the country and being at the heart of the community where it operated.
“The Maybank Group remains committed for the long term to Indonesia, and will continue to play an important role in supporting the growth of the economy, and the financial services industry.
In addition, we will strive to meet the needs of the customers in the community we serve, in line with our mission of humanising financial services across Asia,” he said.