October 2026
Largest Commercial Banking Public Companies in Malaysia
Benchmark revenue and EBITDA valuation multiples for public comps like
Maybank, Public Bank, CIMB Group, Hong Leong Bank and RHB Bank.
 | Malayan Banking Bhd is engaged in the businesses of banking and finance, Islamic banking, investment banking including stockbroking, underwriting of general and life insurance, general and family takaful, trustee and nominee services and asset management. The company's segment includes Group Community Financial Services; Group Corporate Banking and Global Markets; Group Investment Banking; Group Asset Management; Group Insurance and Takaful and Head Office and Others. It generates maximum revenue from the Group Community Financial Services segment. The Group has operations in Malaysia, Singapore, Indonesia, the Philippines, Brunei Darussalam, People’s Republic of China, Hong Kong SAR, Vietnam, United Kingdom, United States of America, Cambodia, Laos, Myanmar, Labuan Offshore and Thailand. | $2 | +3% | $29B | $29B | 4.3x | - | ||
| Public Bank Bhd is a Malaysian banking group that provides a range of financial products and services, including personal banking, commercial banking, Islamic banking, investment banking, share broking, trustee services, nominee services, sale and management of unit trust funds, bancassurance, and general insurance products. In addition to its mostly Malaysian operational presence, the bank is exposed to other Southeast Asian nations through some of its branches. It emphasizes organic growth in the retail banking business, particularly retail consumers and small and medium-sized enterprises. The majority of its revenue comes from the Retail Operations segment. | $1 | +13% | $22B | $22B | 6.2x | - | ||
| CIMB Group Holdings Bhd is a full-service bank based mainly in Malaysia and other Southeast Asian countries. The bank's segment includes Consumer Banking, Commercial Banking, Wholesale Banking, and CIMB Digital Assets and Group Funding. The majority of the bank's income is derived from net interest income. | $2 | +3% | $19B | $19B | 3.5x | - | ||
| Hong Leong Bank Bhd is a regional financial services company. Its segments include Personal Financial Services, Business & Corporate Banking, Global Markets, Overseas/International Operations, and Other operations. Personal Financial Services segment focuses mainly on servicing individual customers and small businesses. Business & Corporate Banking focuses on corporate and small and medium enterprises. Global Markets refers to its domestic treasury and capital market operations and includes foreign exchange, money market operations as well as capital market securities trading and investments. Overseas/International Operations include the bank's overseas branches, subsidiaries, and associates. Other operations segment includes head office and other business segment. | $5 | +7% | $11B | $11B | 6.7x | - | ||
| RHB Bank is a Malaysian financial-services group serving retail, small-business, corporate and institutional customers. Its operations include commercial banking, investment banking, brokerage, asset management, insurance distribution and Islamic financial services. The group earns interest income on loans and securities together with fees from payments, advisory, trading and wealth-management products. RHB has a substantial branch and digital-banking footprint in Malaysia and selected operations elsewhere in Southeast Asia. Aabar acquired a strategic 24.9% block from Abu Dhabi Commercial Bank in 2011. It later reduced the holding through a series of institutional placements between 2018 and 2020, ultimately exiting the bank. | $2 | +9% | $7.7B | $7.7B | 3.6x | - | ||
| AMMB Holdings Bhd is a provider of banking and financial services in Malaysia through its subsidiaries: AmBank and AmBank Islamic. The bank's substantial segment which contributes the vast majority of revenue, is retail banking. The retail banking segment provides individuals and small businesses with services such as credit, auto financing, mortgages, credit cards, capital financing, personal loans, deposits, current accounts, and savings accounts. The wholesale banking business engages with corporate finance and advisory services, restructuring, security issuance, futures market services, stockbroking, and derivatives services. The insurance division offers life and general insurance products via its partnership with MetLife International. Investment banking, Fund management. | $2 | +11% | $5B | $5B | 3.9x | - | ||
| AFFIN Bank Berhad is a Malaysian listed banking group headquartered in Kuala Lumpur. It provides consumer deposits and lending, business and corporate banking, treasury services, investment banking, securities brokerage, asset management and Islamic finance through regulated subsidiaries. Revenue is generated from net interest income, financing margins, fees, commissions and investment services. The group serves individuals, small and medium enterprises, large corporates and public-sector clients through branches and digital channels. LTAT and its controlled Boustead Holdings were longstanding substantial shareholders. In November 2024 they completed the sale of an approximately 26% combined block to the Sarawak government through SG Assetfin Holdings. The transaction made Sarawak the largest shareholder at 31.25% while the LTAT-Boustead group retained a smaller collective interest. | $0 | -13% | $1.3B | $1.3B | 2.1x | - | ||
| LPI Capital Bhd is a diversified insurance company that provides comprehensive insurance solutions to customers ranging from individual policies to the underwriting of large-scale industrial projects. The company's insurance solutions offering includes; Employee Benefits, Health, Liability, Motor, Marine, Pecuniary, Personal Accident, Project, Property, and Trade Credit. It has two operating business segments: The general insurance segment includes Underwriting of all classes of general insurance business, and The investment holding segment includes Investment holding operations. The company derives a majority of its revenue from the General insurance segment. | $3 | -9% | $1.2B | $1.2B | 2.8x | 10.9x | ||
| Median | $2 | +5% | $9.2B | $9.2B | 3.7x | 10.9x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Recent Insights
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.