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Maybank's Q3 profit up 13%

Published Thu, Nov 30, 2017 · 09:50 PM
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Kuala Lumpur

MALAYAN Banking Bhd (Maybank), Malaysia's biggest lender by assets, reported on Thursday a 13 per cent rise in third-quarter profit, lifted by higher net interest income and better performance at its Islamic banking operations.

Maybank posted a net profit of RM2.03 billion (S$669 million) for the third quarter ended September, against RM1.795 billion a year ago. That was ahead of the average estimate of RM1.795 billion from two analysts polled by Thomson Reuters.

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