Maybank posts 2Q net profit of RM1.96bil, dividend payout of 28c/share


KUALA LUMPUR: Malayan Banking Bhd's net profit in the second quarter ended June 30, 2021, more than doubled to RM1.96bil from RM941.7mil in the same quarter last year, underpinned by loans growth and a wider net interest margin (NIM) resulting from a more cost-effective funding mix and lower impairments.

In a filing with Bursa Malaysia, the bank said revenue for the quarter under review was RM11.34bil compared to RM11.79bil in 1QFY20.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Maybank , finance , loans , deposits

   

Next In Business News

EVs the way forward to green transition, reduces petrol dependence
99 Speed Mart's 3Q net profit falls to RM107.16mil
Singapore Air flags earnings pressure from tough competition
China unveils US$1.4 trillion local debt package but no direct stimulus
BNM: Malaysia's Asean chairmanship to boost regional takaful, re-takaful collaboration
Ringgit closes stronger against US dollar on market optimism
Milux gets takeover offer at 43.2 sen per share
Steel Hawk secures subcontract for offshore services in Sarawak
Carlsberg posts 19.8% profit growth in 3Q, declares 23 sen dividend
Fahmi: Premature to reveal conditions for U Mobile’s 5G network

Others Also Read