Malaysia Maybank Q4 net up 11.5% on higher Islamic banking income

[KUALA LUMPUR] Malayan Banking Bhd (Maybank), Malaysia's largest bank by assets, posted on Thursday an 11.5 per cent rise in fourth-quarter profit, driven by higher interest income and Islamic banking income.

Net profit for October-December was 1.93 billion ringgit (S$726.6 million) compared with 1.73 billion ringgit a year ago, Maybank said in a stock exchange filing. Revenue rose 16.8 per cent to 9.7 billion ringgit.

REUTERS