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Maybank's Q1 net profit falls 16%
Provisions rise due to more corporate loans undergoing restructuring and rescheduling of repayment
Published Fri, May 27, 2016 · 09:50 PM
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Singapore
SOUTH-EAST Asia's fourth largest bank by assets, Maybank, has reported a 15.9 per cent year-on- year drop in first-quarter net profit to RM1.43 billion (S$481.34 million), due to provisions for restructuring of loans.
The increa…
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