KUALA LUMPUR: Malayan Banking Bhd, the country’s largest bank by market capitalisation, has posted stellar earnings – a record high RM6.55bil – for the financial year ended Dec 31, 2013 (FY13), representing a 14% gain from RM5.75bil a year ago.
Its improved performance was on the back of higher net interest income growth of RM902.5mil and Islamic banking income, largely supported by a loan growth of 14%, said group president and chief executive officer Datuk Abdul Farid Alias at a briefing on the company’s financial results.