Malaysia's largest bank, Maybank, reported a 9.8% Q1 net profit increase due to higher revenue.
Malaysia's largest banking group, Malayan Banking Berhad (Maybank), reported a 9.8% increase in Q1 net profit, driven by higher revenue. The bank's non-interest income surged 79% year-on-year, while net interest income dipped 2.3% to MYR3.15 billion. Maybank aims to expand its presence in Southeast Asia and achieve an 11% return on equity by 2024, barring unforeseen circumstances.
May 24, 2024
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