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Maybank's Q1 net profit falls 16%

Provisions rise due to more corporate loans undergoing restructuring and rescheduling of repayment

Sat, May 28, 2016 - 5:50 AM

South-east Asia's fourth largest bank by assets, Maybank, has reported a 15.9 per cent year-on- year drop in first-quarter net profit to RM1.43 billion (S$481.34 million), due to provisions for restructuring of loans.

ST PHOTO: LIM YAOHUI

Singapore

SOUTH-EAST Asia's fourth largest bank by assets, Maybank, has reported a 15.9 per cent year-on- year drop in first-quarter net profit to RM1.43 billion (S$481.34 million), due to provisions for restructuring of loans.

The increase in provisioning was primarily owing to...