Maybank posts Q3 net profit of RM1.68bil

Group president and CEO Datuk Abdul Farid Alias (pic) said Maybank will continue to provide tailored financial solutions to meet the current needs of customers, while continuing to support customers who require targeted financial assistance.

PETALING JAYA: Malayan Banking Bhd (Maybank) continues to see sustained growth in its gross loans and total deposits, as well as a drop in impaired loans, despite the weak third-quarter (Q3) economic performance.

The bank, which is the fourth largest in South-East Asia by asset size, also reported a 23-basis-point expansion in net interest margin (NIM) to 2.31% for the nine-month period ended Sept 30, on a year-on-year (y-o-y) basis.