Search

NEWS
RETAIL BANKING | Cesar Tordesillas, Malaysia
Published: 23 Aug 12
250 views


Maybank posts $862M first half profits

Maybank's profits rose by 21.2 percent to 2.7 billion Malaysian ringgit or US$862 million in the first half from the same period last year.


Revenue grew by 18 percent to 8.2 billion ringgit this year compared to the same period last year.

Return on equity is at 16.1 percent and is, thus, above the 15.6 percent target.

The bank cited a 22.3 percent growth in fee-based income and 15.2 percent rise in fund-based income as drivers in the revenue increase.

The bank performed well across various business sectors, including international markets, investment banking, and Islamic banking.

Group loans, which rose by 15 percent, also contributed to the overall performance of the bank.



Sign up for our newsletter

 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.

Tags: Maybank, Malaysian banks, bank profits, bank revenue

LATEST RETAIL BANKING JOBS »
  • No jobs posted on this category.
PRINT ISSUE »

Subscribe Now
China moves from WMPs to AMPs

79 views

The yin and yang of Qianhai

62 views

Malaysian SMEs snub hedging products

66 views

MOST READ EXCLUSIVES

13 most exclusive credit cards in Singapore

13 most exclusive credit cards in Singapore

Some of which you’ve probably not heard of.

by KRISANA GALLEZO
27 Aug 2014 | 91602 views
 

11 craziest credit card purchases in Singapore

11 craziest credit card purchases in Singapore

Find out if each is worth the outlay.

by KRISANA GALLEZO
22 Sep 2014 | 38927 views

Hong Kong’s 10 Most Expensive Credit Cards

Hong Kong’s 10 Most Expensive Credit Cards

It’s all about exclusivity.

by STAFF REPORTER
24 Jul 2014 | 20676 views
 

Check out HSBC’s high-tech flagship branch at Orchard Road

Check out HSBC’s high-tech flagship branch at Orchard Road

It’s digital hub is a star attraction.

by KRISANA GALLEZO
23 Jul 2014 | 6600 views

How Asian banks are dealing with digital banking and social media capabilities

How Asian banks are dealing with digital banking and social media capabilities

Are all banks on the same level?.

by STAFF REPORTER
9 Sep 2014 | 442 views
 

Banks eye ubiquity in a paperless future

Banks eye ubiquity in a paperless future

Financial institutions scrambling to get more flexible.

by STAFF REPORTER
24 Jul 2014 | 423 views

Are Asian banks ready for organizational reshuffling to keep up with regulation shifts?

Are Asian banks ready for organizational reshuffling to keep up with regulation shifts?

Singapore banks are lauded for being very ready.

by STAFF REPORTER
16 Sep 2014 | 419 views
 
close Don't Show Again

STAY INFORMED! Get our free weekly newsletter