Maybank appointed panel bank for PTPTN

PETALING JAYA: Maybank has been appointed by Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN), as a panel bank to disburse education loans to students from both public and private universities.
The two parties inked an agreement to formalise the appointment, in which the bank is targeting to serve some 60,000 new undergraduates by 2018.
So far, Maybank has secured five participating universities under its PTPTN appointment, through which it will be serving over 6,000 students.
In a statement, Maybank head of community financial services Malaysia Datuk Hamirullah Boorhan said the bank is confident that its PTPTN loan disbursement platform offering would gain traction this year, given the increasing acceptance by universities of the comprehensive services it offers to both the institutions as well as their student population.
University Teknologi Petronas has also appointed Maybank as the exclusive panel bank to disburse loans to its students.