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