Maybank sees lower ROE

Maybank group president and chief executive officer Datuk Khairussaleh Ramli

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has revised downwards its return on equity (ROE) target to 11%-12% from an earlier 13%-15% under what it calls its refined corporate strategy known as M25+, citing global geopolitical uncertainties as one of the key reasons.

Group president and CEO Datuk Khairussaleh Ramli said while Covid-19 had its consequences, geopolitical risk around the world was also something that had to be taken into account.