Maybank posts 2Q net profit of RM1.96bil, dividend payout of 28c/share

KUALA LUMPUR: Malayan Banking Bhd's net profit in the second quarter ended June 30, 2021, more than doubled to RM1.96bil from RM941.7mil in the same quarter last year, underpinned by loans growth and a wider net interest margin (NIM) resulting from a more cost-effective funding mix and lower impairments.

In a filing with Bursa Malaysia, the bank said revenue for the quarter under review was RM11.34bil compared to RM11.79bil in 1QFY20.