CEO: Maybank prepared for uncertainties ahead

Maybank group president and CEO Datuk Abdul Farid Alias(pic) said the group has been operating in Singapore since 1960, beginning with retail banking, and has over the years transformed into a universal bank.

PETALING JAYA: Malayan Banking Bhd (Maybank) says it is well-equipped to weather uncertainties arising from the geopolitical situation, due to its solid franchise in the region and strong fundamentals.

The group, which saw its net profit for the third quarter ended Sept 30 slipping 3.4% to RM1.96bil from RM2.03bil a year ago, said the prolonged geopolitical situation remained a key concern, as it would influence global growth, including in Asia, where most of Maybank’s operations are based.