Malaysia’s top 5 banks post higher earnings, pay generous dividends

[KUALA LUMPUR] BANKS in Malaysia continued to perform well in the fourth quarter for the 2022 financial year, with analysts optimistic on the banking sector’s growth this year even though there remain downside risks amid global headwinds.

The country’s top five banks – Maybank, Public Bank, CIMB Group, Hong Leong Bank and RHB Bank – all announced generous dividends while unveiling their financial performance earlier this week.

Except for Hong Leong Bank, which reported the results for the first six months of FY2023, the largest banks saw their revenue increase year on year by between 1.5 per cent and 12.8 per cent in FY2022.