News Formal

Maybank's net earnings rise to RM2.49bil in 1Q

  • 📰 staronline
  • ⏱ Reading Time:
  • 18 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 75%

Banking News

Maybank,Finance,Profit

'I’m ok but it’s going to be a long road of recovery ahead,' she says.

said it achieved a higher bottomline in the first quarter ended March 31, 2024, as it pencilled in higher core fees as well as an increase in treasury and market gains.

Net fund based income improved to RM4.84bil from RM4.8bil a year earlier due to strong group gross loans growth of 11.2% from all key segments in Malaysia, Singapore and Indonesia. President and group CEO Datuk Khairussaleh Ramli said the commendable first-quarter earnings is testament to Maybank’s resilience and focus in executing its M25+ strategy

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investment banks upbeat on Malaysia’s GDP outlook, ticks geopolitical risk as downsideKUALA LUMPUR, May 20 — Maybank Investment Bank (Maybank IB) has raised its 2024 and 2025 real gross domestic product (GDP) forecasts to 4.7 per cent from 4.4 previously, and 5.1...
Source: malaymail - 🏆 1. / 86 Read more »

Study: Maybank Ranks in 3rd Place as the Biggest Company in Each Southeast Asian CountryMaybank Group, also known as Malayan Banking Berhad, is Malaysia's top dog in financial services and banking. Offering everything from consumer and corporate
Source: WORLDOFBUZZ - 🏆 19. / 53 Read more »