Skip to content
Monday, 3 August 2026

The Ledger Asia

Trusted Insights. Asian Perspective.

Subscribe
Latest News
Maybank Is Not Just a Bank Anymore. It Wants the Insurance Wallet TooAMS Advanced Material Secures Licences for Johor Aluminium Recycling VentureHigher Palm Oil Prices Strengthen Earnings Outlook for SGX-Listed PlantersNissan Returns to First-Quarter Profit but Turnaround Test RemainsDeepX’s US$2.2 Billion Valuation Raises the Stakes for Korea’s Edge-AI Chip RaceBOJ Flags AI Investment Boom as a Potential Source of Persistent InflationLYC Healthcare Reporting Delay Raises Bursa Suspension and Governance RiskBursa Malaysia Edges Higher as Late Buying Lifts Blue ChipsMaybank Is Not Just a Bank Anymore. It Wants the Insurance Wallet TooAMS Advanced Material Secures Licences for Johor Aluminium Recycling VentureHigher Palm Oil Prices Strengthen Earnings Outlook for SGX-Listed PlantersNissan Returns to First-Quarter Profit but Turnaround Test RemainsDeepX’s US$2.2 Billion Valuation Raises the Stakes for Korea’s Edge-AI Chip RaceBOJ Flags AI Investment Boom as a Potential Source of Persistent InflationLYC Healthcare Reporting Delay Raises Bursa Suspension and Governance RiskBursa Malaysia Edges Higher as Late Buying Lifts Blue Chips

EDITOR'S PICKMaybank Is Not Just a Bank Anymore. It Wants the Insurance Wallet Too

By Katherine (Kay)6 min read

Maybank’s RM4.83 billion move to take full control of Etiqa is more than a corporate acquisition. It shows how Malaysia’s biggest lender wants to own a bigger part of the customer’s financial life.

Maybank has always been one of Malaysia’s most familiar banking names. For many Malaysians, it is the bank account, the debit card, the salary credit, the mortgage, the car loan, the credit card, the QR payment and the app used almost every day.

Now, Maybank wants a bigger piece of something more personal: protection.

The bank is buying Ageas’ remaining 30.95% stake in Maybank Ageas Holdings, the owner of Etiqa’s insurance and takaful businesses in Malaysia and Singapore, for about RM4.83 billion. Once completed, the deal will give Maybank full ownership of Etiqa, turning one of Malaysia’s largest financial institutions into an even more integrated banking and insurance group.

Unlock the Full Article

This article is exclusive to The Ledger Asia Subsribers / PAID members.

Subscribe to Read More

Already have an account? Log in here

Author

  • Kay like to explores the intersection of money, power, and the curious humans behind them. With a flair for storytelling and a soft spot for market drama, she brings a fresh and sharp voice to Southeast Asia’s business scene.
    Her work blends analysis with narrative, turning headlines into human stories that cut through the noise. Whether unpacking boardroom maneuvers, policy shifts, or the personalities shaping regional markets, Kay offers readers a perspective that is both insightful and relatable — always with a touch of wit.