Maybank 1Q earnings up 9.8% on higher core fees

Maybank president and group chief executive officer Datuk Khairussaleh Ramli.

PETALING JAYA: Malayan Banking Bhd (Maybank) posted a 9.8% year-on-year (y-o-y) growth in earnings in the first quarter ended March 31, 2024 (1Q24) on higher core fees and treasury and market gains, which boosted its non-interest income (NOII) by 79.2% y-o-y to RM2.74bil.

Its net fund-based income improved to RM4.84bil for the quarter from RM4.8bil a year earlier, supported by strong group gross loan growth of 11.2% from all key segments in Malaysia, Singapore and Indonesia.

Start your ads-free experience now!

Monthly Plan


Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Oil eases on strong dollar, global economic news
Asia ESG Positive Impact Consortium pledges sustainability
UMW realigns strategies to promote growth
Nvidia’s gains leave investors wondering – to cash in or buy more?
Malaysia’s competitiveness set to improve further
Genting’s plans for diversification continue to gather momentum
Winning the digital game
IJM Corp secures two construction contracts worth RM962.3mil
KAB rides data centre wave

Others Also Read