Maybank posts 2Q net profit of RM1.86bil, div of 28c/share

KUALA LUMPUR: Malayan Banking Bhd's (Maybank) performance in the second quarter of 2022 was driven by growing economic momentum following the reopening of economies, despite being also impacted by global market volatility, said chairman Tan Sri Zamzamzairani Mohd Isa.

He noted in the quarter ended June 30, 2022, the country's largest bank by assets recorded net operating income of RM6.83bil, which was 10.7% higher year-on-year (y-o-y) as reopening economies boosted fee-based income 25.1% y-o-y and net fund-based income rose 6.8% on healthy loans growth.