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Maybank 3Q15 Earnings Up 18%
Malaysia Daily Bulletin | 27 November 2015
  • Amid a soft banking outlook, Malayan Banking (Maybank) registered an 18.1 percent rise in 3Q15 net profit to RM1.9 billion, largely attributable to the growth in the group’s gross loans, advances and financing despite higher allowances for impairments.
  • Net operating income in the quarter surged 26.7 percent year-on-year to RM5.7 billion, aided by an 18.4 percent rise in net fund-based income to RM3.8 billion and a 46.8 eprcent increase in net fee-based income to RM1.9 billion.
  • 9M15 earnings were up 8.3 percent to RM5.2 billion, lifted by higher net operating income, coupled with rigorous cost management and lower net interest margin compression of 3 basis points during the nine-month period. The firm also benefitted from a one-off gain from the sale of its Papua New Guinea operations in September.

Significance: Going forward, Maybank will continue to focus on balance sheet and liquidity management, as it expands its regional presence. The group has set two headline key performance indicators of return on equity of between 12 percent and 13 percent, and group loan growth of 8 percent to 9 percent.

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