Select a page

Banking News

Maybank beats the pundits

Maybank beats the pundits

(Malaysia) - Malaysia's biggest lender Malayan Banking Bhd (Maybank) has reported a 7.4 percent jump in half-year earnings with an improvement in recovery of loan losses and lowered cost ratios. The bank, Malaysia's second largest listed company, saw net profit rise to 753.17 million ringgit (US$198.2 million) for the six months ending December 2001 from 701.34 million a year earlier, although loans growth fell by 7.3 percent during the June to December period.

The group's NPLs now stand at 8.4 percent of total loans compared with 7.7 percent as at the end June.
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Your comments will not be published.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.