Promotes Trade & Investment in the India-South East Asia corridor

Toronto, Canada: September 21, 2011

YES BANK, India’s new age private sector Bank and Malayan Banking Berhad (Maybank), Malaysia’s No. 1 Bank and largest financial services group providing diversified financial products & services, today entered into a Principles of Cooperation agreement to collaborate on cross-border Investment Banking advisory, corporate banking, trade finance, remittances and other allied services between the two countries.

The alliance will play an active role towards further augmenting trade and investment flows in the Indo-South East Asia corridor. With this tie-up, YES BANK and Maybank will be able to leverage their combined expertise, strong local knowledge and excellent corporate relationships to open up Investment Banking, Corporate Banking, Trade Finance & Remittance opportunities for their respective clients.

Speaking on the development, Dr. Rana Kapoor, Founder, Managing Director & CEO, YES BANK said, “This alliance with Maybank furthers our commitment towards the India - South East Asia business corridor. Through our knowledge banking initiatives and advisory services, we look forward to further explore opportunities for cross–border trade and investments. I am confident that this partnership will enable us to further enhance our banking services, and facilitate overall cooperation of both the nations through strategic interventions.”  

ABOUT YES BANK

YES BANK, India’s new age private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Promoter & Founder, Rana Kapoor and his top management team, to establish a high quality, customer centric, service driven,  private Indian Bank catering to the Future Businesses of India. YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.

YES BANK has a knowledge driven approach to banking, and a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “Building the Best Quality Bank of the World in India”.

ABOUT MAYBANK

Maybank Group is the leading financial services provider in Malaysia catering to the needs of consumers, investors, entrepreneurs, non-profit organisations and corporations. The Group, which has expanded internationally, has the largest network among Malaysian banks of over 1,750 branches and offices in 14 countries, employing 40,000 Maybankers and serving over 18 million customers. It also has the distinction of holding the largest asset base of more than USD100 billion; and market capitalisation of USD18.6 billion; with total equity and total net profit of USD9.1 billion and USD1.2 billion respectively.

For further information, please contact:

Supriya Saxena Ranjit Menon
YES BANK Adfactors PR
Ph.: + 91 22 6620 9057 Ph.: +91 22 22813565
Email: supriya.saxena@yesbank.in Email: ranjit.menon@adfactorspr.com