Ame Collective Agreement

In his address, Mr. Nora thanked all parties for their cooperation, support and professionalism in securing a mutually beneficial agreement, especially in times of external uncertainty in the economy. “I am grateful for the strong partnership between unions, employers and alliances at the industrial level. Mutual respect, common goals, great integrity and shared values will continue to anchor this partnership and strengthen cooperation. This collective agreement also reflects Maybank`s commitment to remain true to our founding principles of preserving the well-being of employees who have made a significant contribution to the growth of the organization,” said Nora. During the ceremony, the bank also announced a review of the personal credit granted to Maybank Malaysia employees to promote real estate ownership and, in light of rising house prices, particularly in major cities. In these collective agreements, their members benefit from a 10% wage adjustment, an increase in current benefits and allowances and the introduction of new benefits. Interest rates on staff construction loans will be reduced from 3.5% to 2% for all workers for existing and new loans and will come into effect in 2019. This will complement the existing system, in which workers earning RM 3,000 or less will be entitled to interest-free loans for the first RM100,000 for their Maybank housing loans. Mr. Rama Rao Subramonian (President) and Mr.

Prem Kumar a/l Appu Kutty (Secretary-General) signed, on behalf of AMCO, Mr. Haji Zainurin Zainal Abidin (President) and Mr. Puan Bindu Gridharlal Patel (Secretary-General) and Mr. Rama Rao Subramonian (President) and Mr. Prem Kumar The Maybank Group was represented by Pn Nora Abd Manaf, Chief Human Capital Officer of the Group, and Dato` John Chong Eng Chuan, Group Chief Executive Officer, Community Financial Services of Maybank. In addition, the Ca will see a 30% increase in health accident insurance coverage and liability insurance of 25%, which will continue to assist workers and their families in the event of unfortunate events, as well as a 10% increase in all other financial benefits. “With all these adjustments and benefits, we hope they will give officers a strong boost to increase productivity, increase morale and a sense of responsibility, which will eventually strengthen the workforce,” Nora added.