KUALA LUMPUR: Permodalan Nasional Bhd (PNB) expects to see bigger digital subscription to its unit trust funds offerings through its collaboration with Malayan Banking Bhd.
Both PNB and Maybank today announced two new means of real-time investing into the Amanah Saham Nasional Bhd (ASNB) units via Maybank2U and automated teller machine (ATM).
“We have seen our online subscriptions grew by 10 per cent or RM3.5 billion within two years of the launch of our website, myASB,” said PNB president and group chief executive officer Datuk Abdul Rahman Ahmad at the launch here, today.
“We are certain that that number will grow even further on the back of this collaboration with Maybank and also with other financial institution in the future.”
Maybank, meanwhile, is projecting a 20 per cent increase in ASNB investments within the next 12 months.
Its head of community financial services for Malaysia Datuk Hamirullah Boorhan said that the bank was seeing over three million ASNB transactions conducted over its counters annually.
"Of these transactions, around one million comprise deposits transactions. We expect that 50 per cent of these deposit transactions will move to our digital platforms," he said.
Hamirullah noted that the services, which are now only available on the desktop version of Maybank2U, will be extended to the Maybank app by year-end.
A quick check on the Google Play Store showed that the app already has over one million downloads.
The bank also announced that small and medium enterprises will be able to transfer funds on behalf of their employers to ASNB via Maybank2u Biz, also by the end of year.
This service will eventually be extended to its dedicated business portal Maybank2E by March 2019.
Retail customers will also be able to apply for an Amanah Saham Bhd (ASB) loan via Maybank2u which will be made available by first quarter 2019.
ASNB currently has 14 units trust funds and manages 235.96 billion units in circulation owned by more than 13.74 million account holders.