Maybank confident of economic rebound this year

Better times: (from left) Farid, Maybank chairman Datuk Mohaiyan Shamsudin and Maybank Group chief financial officer Datuk Amirul Feisal Wan Zahir sharing a light moment at the AGM.

KUALA LUMPUR: Malayan Banking Bhd (Maybank) foresees an uptick in economic activity this year, which will bode well for gross domestic product (GDP) growth as well as the finance industry.

The banking giant expected GDP to grow to 4.4% this year with the recovery in trade playing a major factor, said group president and chief executive officer Datuk Abdul Farid Alias.