Group Management Credit Committee (“GMCC”)

The GMCC is chaired by the President & CEO and members comprise Heads of Business Sectors, certain support sectors and the Chief Credit Officer. The salient terms of reference of the GMCC includes the following:-

(a) To approve loans/proposals in the following categories which include loans from international operations (subject to CRC review/ veto) :-

• non-policy/non-statute loans
• designated loans
• Merger & Acquisitions (M&A) related
• Indulgence and restructuring
• Investments in financial papers/instruments
• Interbank limits under the Maybank Group Interbank Limit (MGIL) Framework
• Bridging Finance for property development exceeding RM250,000 cost per unit;

(b) To recommend/approve proposals that require the review/veto by a higher committee and Board’s approval including but not limited to statute and policy loans; and

(c) To carry out such other responsibilities as may be delegated to it by the Board from time to time.
 

The GMCC meets on weekly basis. For the financial year under review, the GMCC had met 50 times. Other than the GMCC, the Credit Committee, a management committee which is chaired by the Chief Credit Officer also considers loan applications, specifically loans that do not need to be escalated to the CRC and Board, such as loan applications that are of lower amount value than that approved by the GMCC, to improve turnaround time.