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Maybank turns in 2 per cent higher earnings for FY15

Friday, February 26, 2016 - 05:50

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The bank reported 12 per cent growth in group loans and a 12.8 per cent rise in deposits for FY15, and expects loans to expand by 8-9 per cent and deposits by 10-11 per cent this year.

Kuala Lumpur

MALAYAN Banking Bhd (Maybank) has eked out a 2 per cent increase in net profit to RM6.84 billion (S$2.27 billion) for the year ended December, despite setting aside RM2 billion in net impairment losses amid weakening economic conditions that led to a deterioration in

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