Association of Labuan Banks, Malaysia


Association of Labuan Banks INCORPORATED ON 26 April 1994	The Association was incorporated on 26th April 1994 under the Societies Act, 1966 under the initiative of its founding Chairman, Maybank International (L) Ltd and Secretary, Public Bank (L) Ltd. The six founding members then were :- BBMB International Bank (L) Ltd Public Bank (L) Ltd Maybank International (L) Ltd D & C Bank (L) Ltd Currently known as RHB Bank (L) Ltd The HSBC Ltd, Offshore Banking Unit, Labuan Standard Chartered Bank Offshore Labuan


Our Role	To promote the Federal Territory of Labuan (Labuan) as an International Business and Financial Centre in cooperation and consultation with the regulators. To obtain and represent the views of Members and to represent those views which are of common concern to the relevant authorities and bodies. To disseminate to Members information pertaining to events, statements and expressions of opinion affecting their interests and to represent the interests of Members by the expression of views on their behalf. To raise funds by means of subscription or otherwise from members for all the purposes and objects of the Association in such amounts and in such manner as is provided for in these Rules. Generally to promote and protect the mutual interest of members and to do all such other lawful acts as are incidental and conducive to the attainment of the above objects or any of them


COUNCIL MEMBER ALB Council Member for the term 2024 - 2026.	MEMBERSHIP The Association's membership presently stands at 32 members.	ALB RULES New members shall be admitted only on the unanimous approval of the Council.