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Maybank's Q1 profit rises 19%

Friday, May 26, 2017 - 05:50

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Maybank reported on Thursday a net profit of RM1.7 billion (S$550.2 million) for January-March compared to RM1.43 billion a year ago.

Kuala Lumpur

MALAYSIA'S largest lender by assets Maybank posted a better-than-expected 19 per cent jump in first-quarter net profit as it made more loans in South-east Asia and as a restructuring of troubled loans last year helped cut its impairment losses.

Malaysian banks are

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