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

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

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