Maybank Q1 profit drops 4.2% to $625m as trading income falls

Net interest margin improved to 2.14%, and loans expanded in Malaysia and Singapore.

Maybank’s net profit fell 4.2% year-on-year (YoY) to $625.13m (MYR2.48b) in Q1 FY2026, hit by a lower trading income. Net operating income declined 7.9% YoY to $1.79b (MYR7.1b) during the quarter, the Malaysia-headquartered bank said.

Net interest margins (NIM) improved 10 basis points (bps) to 2.14%, which Maybank attributed to lower cost funding mix and a higher current account savings account (CASA) ratio of 41.1% across home markets.

Net fund-based income grew 3.2% YoY to $1.29b (MYR5.11b), driven by improved NIM and stable loans growth, Maybank said.

Group loans expanded 0.9%, led by Malaysia and Singapore. Gross-impaired loans (GIL) stood at 1.34%, whilst loan loss coverage was 104.4%.

Wealth fees and investment banking (IB) related fees rose by 36% and 25.9%, respectively, according to Maybank.

(US$1 = MYR3.97)