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The Association of Banks in Malaysia

The Association of Banks in Malaysia

The Association of Banks in Malaysia (ABM) was formed in November 1973. Our membership is currently made up of the 27 commercial banks operating in Malaysia.

Since its inception, ABM has been actively involved in various initiatives to promote and strengthen the commercial banking industry to become more resilient, effective and efficient.

ABM's Role is as Follows

  1. To promote the establishment of a sound banking system in Malaysia in cooperation and consultation with the regulators.
  2. To improve consumer awareness and knowledge of banking products and services.
  3. To promote orderliness and ethical banking practices among member banks.
  4. To formulate and review banking rules, operations and policies to assist the banking industry in becoming more resilient, competitive and effective in meeting the needs of the changing economy.
  5. To collaborate with government ministries, private sector groups and relevant organizations on member bank's contributions to socio-economic planning and development of the country.

Date

07 October 2018

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