Maybank Singapore awards one-off payouts to over 800 junior employees

More than 800 junior employees at Maybank Singapore will receive one-off ex gratia payouts aimed at recognising staff contributions and easing cost-of-living pressures.

The payments include S$1,250 for around 200 unionised executives and additional quarter-month bonuses for more than 600 junior employees, a spokesperson for the bank confirmed. The Singapore unit employs more than 2,000 staff in the city-state.

Alvin Lee, Country Chief Executive Officer and CEO of Maybank Singapore, said the payout reflects the organisation’s appreciation for its workforce during a challenging economic environment.

“Our employees have demonstrated unwavering dedication amid a challenging operating environment,” Lee said. “This ex gratia payment underscores our appreciation and our commitment to uplifting colleagues who feel the effects of day-to-day expenses more acutely.”

Wong Keng Fye, head of human capital at Maybank Singapore, noted that the bank has progressively increased targeted financial support for employees over the years. He said the current individual payout is more than double the S$500 provided in earlier years.

“Even amid very different economic cycles, our approach has been to ensure that support remains meaningful, sustained and responsive to real cost pressures faced by our people,” Wong added.

The move follows similar initiatives by other banks operating in Singapore. Earlier this year, DBS Bank announced a one-time S$1,000 bonus for more than 23,000 junior employees globally, while United Overseas Bank said it would provide a half-month base salary payout to more than 6,000 junior staff.

The announcement also comes shortly after Maybank, Malaysia’s largest lender, reported a 5.7% increase in fourth-quarter net profit to RM2.7 billion for the three months ended Dec. 31, 2025.

The bank said the payout aligns with the next phase of its ROAR30 strategy, which focuses on strengthening workforce capabilities and supporting employees as the organisation continues its growth and transformation efforts.