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|BACKGROUND |1 |
|AIM |1 |
|MAIN PRODUCT |2 |
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It service caters for most of the consumers, entrepreneurs, corporations, and many investors. Established in 1960, Maybank not only served the Malaysian, but its services expanded internationally, with 17 countries from ASEAN to UK, occupying over 2,100 branches and employing 42,000 workers, enables Maybank to have an overall of 21 million loyal customers. In 2011 financial year report, Maybank own an asset worth more than RM 412.0 billion, with market capitalisation of RM 66.9 billion; hold a total equity of RM 31.5 billion, and total net profit of RM 4.45 billion.
As for its close competitors, CIMB Bank was established in 1924, in Kuching, Sarawak, operates across 15 countries, but strategically targeted ASEAN market. CIMB’s 2011 financial year report, revealed that its total assets was worth more than RM 300.2 billion, holding a market capitalisation of RM 33.2 billion, total equity of RM 25.9 billion, and total net profit of 4,031 million. CIMB staff strength is 40,000 workers stretch from ASEAN country to Bahrain and USA. At glance, Maybank supersede CIMB Bank in every level of criterion, even though they were latecomers in financial industries.
The aim of this paper is to provide financial and ratio analysis onto two major financial institutions in Malaysia based on company’s financial report year 2011.
In term of product, Maybank main product includes commercial banking service, security and investment banking, insurance service, and asset management. Maybank operates through 17 commercial banking service, 2 (two) security and investment bank, 4 (four) insurance company and 1 (one) asset management consultant. As for CIMB, their main product focuses on Consumer Banking and Wholesale Banking which, comprising of Investment Banking and Corporate Banking, Treasury & Markets, and Group Strategy and Strategic Investments. CIMB operates through 7 (seven) consumer banking, 7 (seven) wholesale banking services, and offers 2 (two) Islamic banking.
STATEMENT OF FINANCE COMPARISON
Based on 2011, Maybank total assets worth of RM 411,959 million, increase by RM 75, 259 million or 18.26 percent, if compares to total assets in 2010, which calculated by RM 336,700 million. According to Maybank 2011 balance sheet report, the growth in total assets has stimulated their high growth in loans, advance and financing, securities and short term funds. As for CIMB bank, the group total assets in 2011 were approximately RM 300,152,709 million. If compare to fiscal year 2010, CIMB bank manage to increase its asset by 10.2 percent or RM 30, 787 million which the bank assets in 2010 was calculated at RM 269,365,244 million. In 2011, CIMB Bank had received the best Asset Management Company of the Year in Southeast Asia from The Asset Net Income Debt and Equity Liabilities. It is clear that, in term of asset capabilities, Maybank had precede CIMB bank by over RM 111 billion or approximately 27 percent higher.