Maybank launches inaugural social impact report


From left: Izlyn Ramli, CEO of Maybank Foundation; Ambassador Bovonethat Douang Chak, Permanent Representative of Lao PDR to ASEAN and Chairman of the Committee of Permanent Representatives to ASEAN; Tan Sri Zamzamzairani Mohd Isa, Chairman of Maybank Group and Maybank Foundation; Dr Kao Kim Hourn, Secretary-General, ASEAN; Ambassador Sarah Al Bakri Devadason, Permanent Representative of Malaysia to ASEAN; and Shahril Azuar Jimin, Group Chief Sustainability Officer Maybank at the unveiling of the inaugural Maybank Social Impact Report (SIR) 2023

KUALA LUMPUR: Malayan Banking Bhd (Maybank) launched the inaugural Maybank Social Impact Report (SIR) 2023 as a part of the 57th Asean Day celebrations in Jakarta.

In a statement, the bank said the SIR, themed “Purpose Driven Social Impact Across ASEAN”, showcases banking and beyond banking social initiatives by Maybank and Maybank Foundation that have positively impacted its stakeholders and communities it serves across Asean.

Maybank chairman Tan Sri Zamzamzairani Mohd Isa said the SIR covers financial inclusion and empowerment initiatives with intended and realised outcomes for the communities we serve.

"With an in-depth focus on our purpose driven banking and beyond banking social programmes, the SIR also showcases the journey of our beneficiaries growing from strength to strength while providing an overview of Maybank’s strategies and commitments in creating value and meaningful social impact for all our stakeholders, anchored on the three pillars of Empowering Education, Community Empowerment and Environmental Diversity," he said.

He added that the group via its banking intiatives has disbursed RM33.76bil in financing to close to 700,000 individuals and over 108,000 Small Medium Enterprises (SME), and uplifted 1.56 million lives across Asean via its ongoing 89 beyond banking initiatives with the communities.

These initiatives run across the Maybank Group with Maybank Foundation as the primary social impact arm.

Meanwhile, Zamzamzairani said the Asean-Maybank Scholarships (AMS), a collaborative programme between the Asean Secretariat and Maybank Foundation, was awarded to seven students from Cambodia, Indonesia, Myanmar, the Philippines, and Vietnam this year.

With this intake, there are a total of 15 AMS scholars to date.

Asean Secretary-General Dr Kao Kim Hourn congratulated Maybank Group for the successful initiative in investing in education and development of Asean youth.

"I see the merits of this scholarship and the important role it plays in advancing and realising the Asean Work Plan on Education 2021 – 2025, notably to sustain and strengthen Asean capacity in higher education harmonisation through strategies, mechanisms, and scholarship provision.

“I would also like to see more Asean entities, like Maybank Foundation, to continue to work with the Asean Secretariat in bringing Asean closer to the people with their impactful involvement and participations," he said.

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