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Maybank SR 2011 Community .pdf



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SUSTAINABILITY
REPORT 2011

Our Journey To

Sustainability

2011 sustainability
report
Scholarships

RM4.5
million

15,000

Volunteers in
17 Countries

Empowering
Communities
“Empowering communities means helping
them develop in ways that are not merely
beneficial but sustainable. Everywhere we
operate across Asia, our community initiatives
target diverse groups and, above all, the less
fortunate. This will also foster a culture of
caring amongst our employees and
strengthen the bonds between Maybank and
the communities we serve.”

40

Malayan Banking Berhad
Sustainability Report 2011

Empowering Communities (cont’d.)

The Maybank
Scholarship Award
The Maybank Scholarship Award is
central to our educational initiatives. It
is also part of the Group’s human
capital development programme, as
Maybank aspires to be a top quartile
employer of talent by 2015 in each of
the markets we serve.
The scholarship award was established
in 1972, and to date, we have
sponsored over 1,000 bright
individuals. Last year, Maybank
awarded 27 new scholarships under
its annual Maybank Scholarship
Awards 2011 Scheme. The scholars
are pursuing undergraduate studies at
public universities as well as selected
private institutions of higher learning.
Each receives an annual grant of
RM9,000 as well as a laptop computer
and mentoring programmes in
preparation for eventual employment in
the Maybank Group. Over RM1.8
million is allocated yearly for the
awards programme.
In addition, Maybank revamped its
scholarship scheme to include full
scholarships and has set aside
RM3.54 million, sponsoring studies at
top overseas universities for the first
time. The scholarship covers all tuition
fees and living allowances. We also
provide more learning and
development programmes to sharpen
graduates’ competitive edge when they
embark on their Maybank careers.

We select students from a range of
disciplines that will support the diverse
business needs of the Maybank
Group, as we believe this brings
diversity to our scholarship programme
and enriches our human capital pool.

• Mentorship Programme: Maybank
further nurtures scholars’
development by pairing them with
senior leaders in Maybank who
guide, mentor and coach them
throughout their studies.

Twenty students, selected from over
800 applicants, were awarded full
scholarships under this scheme to
pursue their education at universities
such as Imperial College, London
School of Economics, University of
Chicago and University of Melbourne.

• Financial Services Industry:
Maybank’s goal is to enhance the
financial services industry through
sustainable development of human
capital.

Key Impacts in the Short
and Long Term
• Students: Students are assured of
quality education, since they are
given the opportunity to pursue
their tertiary education abroad at
prestigious universities.
• Skills: Our scholarship programme
features more than just financial
assistance. It includes a mentoring
framework, opportunities for
internships and development
interventions to build skills.
• Employment: Maybank scholars are
guaranteed job placements within
the Maybank Group.

• Future Leaders: The programme is
a key part of the Group’s human
capital development strategy to
ensure a pool of leaders who can
help Maybank achieve its vision to
be a regional financial services
leader.

Moving
Forward
We will attract the
most promising
scholars from across
the region, and fund
an education whose
calibre will enable
them to fulfil their
potential.

Malayan Banking Berhad
Sustainability Report 2011

“Being a Maybank Scholar meant more to me than just financial support to pursue my
tertiary education. It kick-started my career. On graduation, I got the chance to join the
Global Maybank Apprentice Programme which launched me on a structured
development journey and helped me built my technical and leadership skills”.
- Joey Liew Foong Yee.

41

42

Malayan Banking Berhad
Sustainability Report 2011

Empowering Communities (cont’d.)

Maybank Financial
Literacy Programmes
As the Government introduces various
measures to propel the country to
high-income status, we at Maybank
believe that a national strategy is
required to help Malaysians improve
their personal financial literacy and
skills. Our contribution to the New
Economic Model (NEM) for Malaysia’s
economic development is to help
prepare young Malaysians for the
financial challenges they will face in the
future by inculcating responsible
personal financial habits.

Maybank runs a series of financial
literacy programmes in tandem with
Money Tree (M) Sdn Bhd. Maybank
adopts primary schools, and the
children learn about financial education
through a series of workshops
conducted by Money Tree. The
Malaysian Ministry of Education has
endorsed this programme.
The Maybank MoneyTree Financial
Literacy Programme (FLiP) introduces
the children to basic financial concepts

such as inflation and interest rates.
Upon successful completion of the
workshop, students earn both a
certificate and core curriculum points.
FLiP reached 3,035 primary school
students in 2010, and the 2011
response was still greater, with 3,500
students participating.
The Maybank Moneytree Idea
Exchange Programme (MIX) gives
today’s undergraduate youth the
opportunity to pitch their business skills

Malayan Banking Berhad
Sustainability Report 2011

to potential investors and employers,
thereby exposing them to the realities
of the labour market. Through rounds
of elimination, eight selected teams of
students present their business ideas
to a panel of judges comprised of
industry experts. MIX provides an
attractive platform for organisations to
‘headhunt’ new talents to join them
upon the completion of the students’
education.
Whilst MIX targets career-minded
youths seeking employment with top
organisations, the Maybank Moneytree
Young Entrepreneur Start-Up Challenge
(YES) focuses on young entrepreneurs
and their potential business ventures.
YES provides these youngsters with
the opportunity to acquire the
necessary business skills and
knowledge as they seek sponsorship
to finance their ideas.

The process fine-tunes the students’
entrepreneurial mind-set, gives them
the experience of running a business,
and offers them the opportunity to turn
their ideas into profitable business
ventures. Currently in their fourth
seasons, MIX and YES have reached a
total of 80,000 youths in 22 colleges
and universities in Malaysia.

Moving Forward
Maybank and MoneyTree
will be looking into the
possibility to embark
on a 3-year plan to develop
a National Financial Literacy
Programme.

Beyond 2011, FliP will introduce
financial literacy games to boost
student engagement and extend our
reach to even more schools around
the country. We have further developed
and enhanced the MIX and YES
programmes to reach a target of more
than 60,000 undergraduates.

“The Maybank-MoneyTree
financial literacy programme is part
of our effort to promote financial
education among youngsters and
to inspire the spirit of
entrepreneurship among tertiary
students.”,
Chong Wai Hong, Executive Vice
President, Community Financial
Services Maybank

43

44

Malayan Banking Berhad
Sustainability Report 2011

Empowering Communities (cont’d.)

“We aim to help improve the
students’ academic performance,
increase parental awareness of
the importance of education,
encourage parental involvement
with the school as well as
celebrate the ‘success stories’ in
the community and raise the
stature of those from the lowincome group.”

Moving Forward
We will adopt more schools regionwide, and
facilitate the implementation of a standard
programme to improve English literacy and ICT
skills in measurable ways.

Nurturing Future Talents
Our partnership with the PINTAR
Foundation and our adoption of two
schools entered their third year in
2011. Our adopted schools are
Sekolah Menengah Kebangsaan (SMK)
Sungai Ara and Sekolah Kebangsaan
(SK) Sungai Duri, both located in Pulau
Pinang. We offered the students a
variety of incentives and
encouragement for academic

achievements and excellence in sports.
We also contributed computers to
enhance the students’ computer
literacy and conducted English courses
for the teachers to improve their
proficiency levels.
Through the PINTAR Programme, we
aim to help improve the students’
academic performance, and also to

increase parental awareness of the
importance of education and encourage
parental involvement with the school.
We celebrate the success stories in the
community and strive to raise the
stature of those in the low-income
group.


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