Maybank FY22 earnings at RM8.2b

KUALA LUMPUR: Malayan Banking Bhd (Maybank) expects the country’s growth to moderate, going further into 2023, as external trade softens in tandem with a slowdown in domestic demand, which will put the brakes on loan take-up rates for the banking industry.

Nevertheless, the country’s largest banking group believes that the recovery will be buoyed by the return of foreign tourists and positive foreign direct investments into Malaysia.