KUALA LUMPUR: Malayan Banking Bhd
's (Maybank) net profit fell 7.7% for the second quarter ended Dec 31, 2007 as higher loan growth failed to offset lower income from investments and losses from trading activities.
“Notwithstanding market conditions which affected the group's trading and investment income, the group's core commercial banking business grew at a steady pace,” president and chief executive officer Datuk Amirsham A. Aziz said at a briefing on the group's quarterly results yesterday.
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