Maybank's Q3 profit up 13%

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.