Maybank net profit up 19%

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) made a net profit of RM1.7bil or 16.73 sen per share for its first quarter ended March 31, up 19% from the net profit RM1.43bil or 14.64 sen per share recorded in the same quarter a year earlier.

This was achieved on higher income and lower provisions for bad loans.