Maybank records jump in FY23 net profit to RM9.35bil


KUALA LUMPUR: Malayan Banking Bhd (Maybank) chalked up better results in the financial year ended Dec 31, 2023, amid improved regional economic activities and a significant improvement in net impairment provisions.

The country's largest bank by assets reported a net profit of RM9.35bil in FY23, up from RM7.96bil in FY22, representing growth in earnings per share to 77.55 sen from 66.51 sen previously.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Maybank , Khairussaleh Ramli , finance

   

Next In Business News

Ringgit seen to trade higher next week
Oil prices settle US$1 down as supply set to rise
Smoothing the way for EVs
Mah Sing records robust eight-month performance
MSM aims for 45,000-tonne grain sugar export to China
Opening the national electricity grid
Refinancing option likely
Malaysia Airlines at pivotal crossroads
Taking a leaf of electricity reforms from other countries
New CIMB Group CEO Novan upbeat about prospects for 2H24

Others Also Read