Singapore still top Maybank contributor outside Malaysia
Bank upbeat about Asean growth, plans to boost corporate banking, says CEO
SINGAPORE is Maybank's top contributor - on a pre-tax profit basis - outside Malaysia, but Indonesia appears to be snapping at its heels.
"From a PBT (profit before tax) perspective, Singapore is the biggest contributor outside of Malaysia. From a topline perspective, Indonesia is the biggest contributor," Abdul Farid Alias, group president and CEO of Maybank, told The Business Times yesterday at a press briefing.
"The net interest margin is bigger, but the cost …
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