Maybank Facilitates $4.9 Billion for Johor-Singapore Economic Zone, Sets Up 9 Family Offices
Updated
Updated · Bloomberg · Jun 9
Maybank Facilitates $4.9 Billion for Johor-Singapore Economic Zone, Sets Up 9 Family Offices
3 articles · Updated · Bloomberg · Jun 9
Summary
20 billion ringgit ($4.9 billion) in financing and investments has been facilitated by Maybank for the Johor-Singapore special economic zone over the past couple of years.
Maybank CEO Khairussaleh Ramli said the funding spans all financial services segments, including corporate clients, mid-sized companies and consumers.
Nine family offices have already been established in Johor with Maybank's help, adding to the bank's role in building out the zone's financial ecosystem.
Maybank said its total financing for the development is the largest among lenders involved, underscoring its bet that the cross-border zone will drive further expansion.