Maybank Singapore has announced a one-off ex-gratia payment of S$1,250 to eligible junior employees, following its FY2025 earnings release. This initiative aims to support staff most affected by rising living costs, reinforcing the bank’s commitment to employee well-being. Alvin Lee, Country CEO and CEO of Maybank Singapore, highlighted the dedication of employees during challenging times, stating, “This ex gratia payment underscores our appreciation and our commitment to uplifting colleagues who feel the effects of day to day expenses more acutely.”
The payment is part of Maybank’s ongoing efforts to provide meaningful and sustained support to its workforce. By maintaining an above-market individual support amount, first introduced last year, the bank continues to focus on offering tangible assistance where it is most needed. This move aligns with Maybank’s ROAR30 strategy, which emphasises workforce development, capability strengthening, and fostering a culture guided by its mission of Humanising Financial Services.
As Maybank progresses with its strategic goals, the bank remains committed to standing by its employees, ensuring they are equipped to navigate the challenges ahead. This initiative not only recognises the contributions of its staff but also aims to alleviate the financial pressures they face.
