Maybank’s strategy pays off, enough capital to withstand headwinds

According to notes by Maybank group president and CEO Datuk Abdul Farid Alias(inset pic) in the annual report, the bank

PETALING JAYA: Malayan Banking Bhd (Maybank) has maintained its return-on-equity (ROE) targets for this year, signalling that the bank is well prepared for any external headwinds and tightening of accounting standards that is to come into effect January next year.

In its latest annual report, Maybank stated that it is expecting an ROE of between 10% and 11% for the current year of operations that ends on Dec 31 this year.