Maybank Indonesia reports higher operating profit

Maybank group president and CEO and Maybank Indonesia president commissioner Datuk Abdul Farid Alias said the bank is encouraged that despite the uncertainties in the global economy, Maybank Indonesia continues to register growth at the operating level.

PETALING JAYA: Improvement in fee-based income, sustained strategic cost management and increased net interest income raised Maybank Indonesia’s operating profit by 2% for the nine-month period ended Sept 30,2019.

It recorded an operating profit before provisions to 3.1 trillion rupiah (RM923.43mil). The bank’s profit after tax and minority interest (Patami) however, stood at 1.1 trillion rupiah (RM327.67mil), weaker than what was achieved for the same period last year at 1.5 trillion rupiah.