Maybank 3Q net profit up 2.1% to RM2.0b

Group president and CEO Datuk Abdul Farid Alias said that the group’s focus on pricing discipline, strong capital and liquidity positions as well as sound risk management and operational efficiency will remain key priorities in the coming months. 

KUALA LUMPUR: Malayan Banking Bhd posted net profit of RM2.0bil in the third quarter ended Sept 30, 2019, up 2.1% from RM1.96bil a year ago, due to a rise in net operating income.

Maybank, Southeast Asia’s fourth largest bank by assets, announced on Thursday its profit before tax (PBT) for the quarter was 0.3% higher at RM2.65bil.