Maybank’s net profit up 4% to $614.25m in Q1 2025

They expect to continue to grow in the markets they operate.

Maybank reported a net profit of $614.25m (MYR2.59b) for Q1 2025, a 4% year-on-year rise, according to its latest financial report.

Net operating income rose 1.8% to $1.8b (MYR7.71b), according to Malaysia’s largest bank by assets.

Net fund based income grew 2.3% to $1.17b (MYR4.95b), whilst non-interest income rose to MYR2.76b, supported by a growth in wealth management fees, the bank said.

Net interest margin (NIM) is 2.4% for the quarter, supported by net-fund based income and loans growing by single digits.

Non-interest income (NOII) contributed 35.8% of total income, at $654m (MYR2.76b).

Overhead costs expanded to MYR3.74b in Q1, from $886.9m (MYR3.66b) during the same period in 2024. This was due to higher personnel expenses, marketing costs, and software maintenance expenses, Maybank said.

Maybank president and CEO Dato’ Khairussaleh Ramli expects the bank to continue to grow in the markets it operates in despite the uncertain global economic outlook.

“Key to us is to support our clients especially those in need during this challenging period. At the same time, we continue to strengthen our position across ASEAN… particularly in trade, investment, and cross-border connectivity,” he said.

(US$1 = MYR 4.22; as of 27 May 2025, Google)