Maybank Indonesia sees positive trend in 1Q backed by strong cost management

KUALA LUMPUR: After two years of challenging times, Maybank Indonesia sees positive trend in the bank's profit in the first quarter (Q1) of 2022, backed by its strong effort in managing costs across the business and growth in fees as well as in its retail loan segment.

President director of Maybank Indonesia Taswin Zakaria said the bank started the year with a promising outlook and will continue implementing its strategies and initiatives to enhance its loan growth and expand its customer base through acquisition, which will strengthen the bank’s fundamentals.