Maybank posts Q4 profit of RM2bil

Maybank group president and chief executive officer Datuk Seri Abdul Farid Alias (pic) said he expects the group to remain stable in 2022.

KUALA LUMPUR: Malayan Banking Bhd’s (Maybank) net profit for its fourth quarter ended Dec 31, 2021 rose 33.8% to RM2.06bil from RM1.54bil in the previous corresponding period as earnings were mainly driven by the gradual reopening of the economy during the quarter.

Revenue in the fourth quarter stood at RM11.26bil compared with RM12.24bil a year earlier