Maybank Q1 pre-tax profit at RM2.8bil


Maybank Abdul Farid Alias



PETALING JAYA: Malaysia’s largest listed banking group Malayan Banking Bhd (Maybank) has cautioned about its “very challenging” outlook and the likelihood of potential margin compression ahead, as it began the financial year of 2020 (FY20) with marginal loans growth and a decline in total deposits.

The bank, which is also South-East-Asia’s fourth largest bank by assets, hence hinted at potentially lowering its return on equity (RoE) target for FY20, which was raised to 11% previously.

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