Its group president & CEO, Datuk Abdul Farid Alias said: "We believe our 1QFY20 results is not representative of the way we will perform for the rest of the year. The largest contributor came from the sell down of some of our liquid assets and fixed income instruments, which was above the optimal level."
KUALA LUMPUR: Malayan Banking Bhd
’s net profit rose by 13.2% to RM2.05bil in the first quarter ended March 31,2020 from RM1.81bil a year ago but remained cautious for the year due to the Covid-19 pandemic.
Maybank, Southeast Asia’s fourth largest bank by assets, announced on Thursday profit before tax (PBT) rose by 14.2% to RM2.80bil from RM2.45bil a year ago, underpinned by a 14.7% rise in net operating income.
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