Maybank Philippines Incorporated (MPI) started operation in November 1997 as a full-service commercial bank licensed by the Bangko Sentral ng Pilipinas (Central Bank of the Philippines). In August 2000, Maybank successfully acquired up to 99.96% of MPI to become the first foreign bank to have almost 100% ownership stake in a Philippine commercial bank under the new Philippine banking law.
Maybank Philippines has an extensive network of 73 branches which are strategically located in key cities nationwide. There are a total of 29 branches in Metro Manila, the capital of the Philippines, and 44 branches in the provinces of Luzon, Visayas and Mindanao. These branches provide a wide range of financial products and services to meet the needs of the retail and business segments. MPI is also involved in treasury operations, with an emphasis on money market operations and foreign exchange trading, as well as trust services.