Maybank is reaping the benefits of its cost management initiatives that contributed to better margins.
PETALING JAYA: Malayan Banking Bhd
(Maybank) said net profit grew 6.3% to RM1.6bil in the first quarter ended March 31, boosted by its fast-expanding Islamic banking business and improved performance by units overseas.
The country’s biggest banking group is also reaping the benefits of its cost management initiatives that contributed to better margins.
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