Ranking of 8 major domestic banks by market capitalization
The National Bank has raised interest rates twice during the year, by 0.25% in May and 0.25% in July. The overnight policy rate (OPR) has been raised to 2.25% from the previous 1.75%. The interest rate hike by the national bank will be positive for the banking sector, and the market capitalization of the country’s banks has increased considerably.
Maybank is the largest listed company in the Malaysian stock market in terms of market capitalization and is also the largest bank in the country and is the only listed company in the country whose market capitalization exceeds RM100 billion. Maybank has been sitting on the throne of the largest market capitalization in Malaysia for many years and no one can shake its position. As of August 8, the share price of Bank Negara is RM8.88 sen.
Public Bank is the second largest bank in the country in terms of market capitalization. Public Bank currently has a market capitalization of RM90.66 billion and a share price of RM4.64 sen. Public Bank’s 52-week low share price is RM3.88 sen and 52-week high share price is RM4.79 sen.
CIMB International Bank (CIMB) has a market capitalization of RM55.304 billion and is the third largest bank in the country by market capitalization. CIMB’s latest share price is RM5.28 sen, 52-week low is RM4.50 sen, and 52-week high is RM5.75 sen.
Hong Leong Bank is the fourth largest bank in Malaysia by market capitalization, with a current market capitalization of RM45.132 billion and a recent share price of RM20.82 sen. The 52-week low share price of Hong Leong Bank is RM17.82 sen, while the 52-week high share price is RM21.88 sen.
The fifth to eighth largest banks in the country in terms of market capitalization are RHB Bank, Am Bank, Alliance Bank and Affin Bank.
The market capitalization of 8 major domestic banks
Maybank : RM106,294 million
Public Bank: RM90.66 billion
CIMB: RM55.304 billion
Hong Leong Bank: RM45.132 billion
RHB : RM24,851 million
Am Bank : RM12.859 billion
Alliance Bank : RM5,387 million
Affin Bank : RM4,734 million
