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 Currently known as Bank Muamalat Malaysia Berhad, Labuan Offshore Branch 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


Objectives	The Association's objectives are to :- Promote the Federal Territory of Labuan as an International Offshore Financial Centre. Deal with common issues of concern to its members. Disseminate information of common interest to its members. Communicate and/or liaise with relevant authorities and bodies on all matters affecting the interests of members. Raise funds, by means of subscription or otherwise, from members for all the purposes and objectives of the Association in such amounts and in such manner as has been provided for in the Association's Rules. (Generally) Promote and protect the mutual interests of members and perform all such other lawful Acts as are incidental and conducive to the attainment of any or all the above objectives.


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.