KUALA LUMPUR: Malayan Banking Bhd
(Maybank) delivered another quarter of earnings growth in the first three months of 2025 (1QFY25), underpinned by stable net interest margins and better asset quality as well as disciplined cost management, said president and group CEO Datuk Khairussaleh Ramli.
"The global economic outlook remains uncertain. Nevertheless, we expect continued growth in the markets that we operate. Key to us is to support our clients especially those in need during this challenging period.
"At the same time, we continue to strengthen our position across Asean, capitalising on intra-Asean and Asean+ opportunities, particularly in trade, investment and cross-border connectivity," he said in a statement.
During the quarter under review, the group reported a net profit of RM2.59bil, an improvement from RM2.49bil in the year-ago quarter, on the back of increases in net fund-based income and non-interest income.
Earnings per share rose to 21.45 sen in 1QFY25 from 20.63 sen previously
The group reported revenue of RM16.87mil, declining from RM18.35mil in the year-ago quarter.
According to the statement, net fund-based income increased 2.3% to RM4.95bil on the back of 3.2% year-on-year (y-o-y) loans growth across all home markets and key segments.
However, the group noted that annualised loans growth was comparatively lower at 2.2%, reflective of the current operating environment which continued to be impacted by cautious business sentiment and moderated credit demands.
The group's net interest margin stood at 2.04%.
Non-interest income (NoII), meanwhile, stood at RM2.76bil, underpinned by improved wealth management performance.
Maybank's group loans in 1QFY25 saw y-o-y increases of 8%, 5.9% and 0.8% across its home markets of Malaysia, Singapore and Indonesia.
The group’s deposits meanwhile, expanded 5.1% y-o-y, led by growth across its Singapore and Malaysia markets.
