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Maybank Q1 profits flat

Maybank Q1 profits flat

(Malaysia) - Malaysia's biggest bank group, Malayan Banking (Maybank) has announced a flat first quarter net profit of RM372.6 million (US$98 million), slightly ahead of the RM371.9 million (US$97 million) posted last year. The result, for the three months to September 30, was a 17.8 percent improvement on the three months to June 30.

Loans and advances grew 5.8 percent in the most recent quarter, while loans at the commercial bank were up 3.2 percent.
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