President director Taswin Zakaria said the bank’s financial performance in 1Q21 was reflective of the continued challenging conditions this year.
KUALA LUMPUR: PT Bank Maybank Indonesia Tbk (Maybank Indonesia) recorded a lower pre-tax profit of 501 billion rupiah (RM142.57 million) in the first quarter ended March 31, 2021 (1Q21), a decline of 31.8 per cent against the same period last year.
Its profit after tax and minority interest fell to 381 billion rupiah (RM108.4 million) during the quarter under reviewed from 538 billion rupiah (RM153.1 million) previously, but rose 127.6 per cent compared with the fourth quarter 2020 as the bank capitalised on selective opportunities in an improving market through its digital banking services.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
