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Maybank's Q1 net profit falls 16%
Provisions rise due to more corporate loans undergoing restructuring and rescheduling of repayment
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
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