Search

NEWS
RETAIL BANKING | Cesar Tordesillas, Malaysia
Published: 23 Aug 12
241 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 »
PRINT ISSUE »

Subscribe Now
China moves from WMPs to AMPs

54 views

The yin and yang of Qianhai

37 views

Malaysian SMEs snub hedging products

39 views

close Don't Show Again

STAY INFORMED! Get our free weekly newsletter