Select a page

Banking News

Bad debts impact Maybank

Bad debts impact Maybank

(15 November – Malaysia) Malaysian banks continue to be hampered by bad debts with Maybank posting a drop in its quarterly profit. The bank was hit by unexpectedly higher provisions for bad loans as well as a big unrealised loss on a swap used to hedge interest rate risk.

'Maybank sees a significantly more challenging operating environment, but is confident of better results for the current financial year,' chief executive Amirsham Aziz said.

The bank plans to fend off competition in traditional banking products, particularly from foreign banks, by pushing further into Islamic banking, insurance, and investment.
East & Partners's avatar

Comment on this article


Your comments will not be published. Required fields are marked *


Please enter the word you see in the image below:


Subscribe to our mailing list

Sign up now to keep up-to-date with the latest
market news and insights in B2B banking.

* indicates required

For more information please read our Terms and Conditions and Privacy Statements.