Maybank’s strategy pays off, enough capital to withstand headwinds


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) has maintained its return-on-equity (ROE) targets for this year, signalling that the bank is well prepared for any external headwinds and tightening of accounting standards that is to come into effect January next year.

In its latest annual report, Maybank stated that it is expecting an ROE of between 10% and 11% for the current year of operations that ends on Dec 31 this year.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Maybank , stocks , shares , earnings , bank ,

   

Next In Business News

Powering on data centres
Medical insurance premiums on the rise
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Making scents of success
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact

Others Also Read