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KUALA LUMPUR: Malayan Banking Bhd posted net profit of RM941.73mil in the second quarter ended June 30,2020 as it booked in the impact from the movement control restriction orders as well as the reductions in interest rates across most of its regional markets arising from the Covid-19 pandemic.
KUALA LUMPUR: Bank Maybank Indonesia Tbk’s profit after tax and minority interest (PATAMI) rose by 7% year-on-year to 809.7 billion rupiah during the first half of 2020 ended June 30 (1H2020).
KUALA LUMPUR: OCBC Al-Amin Bank Bhd’s net profit in 2019 increased 28 per cent to RM164 million compared to RM129 million in the previous year.
PETALING JAYA: Malaysia’s largest listed banking group Malayan Banking Bhd (Maybank) has cautioned about its “very challenging” outlook and the likelihood of potential margin compression ahead, as it began the financial year of 2020 (FY20) with marginal loans growth and a decline in total deposits.
KUALA LUMPUR: Malayan Banking Bhd’s net profit rose by 13.2% to RM2.05bil in the first quarter ended March 31,2020 from RM1.81bil a year ago but remained cautious for the year due to the Covid-19 pandemic.
KUALA LUMPUR: Stocks to watch on Wednesday include LYC Healthcare Bhd, Green Packet Bhd, Serba Dinamik Holdings Bhd, Malayan Banking Bhd (Maybank), T7 Global Bhd and Key Alliance Group Bhd, according to JF Apex Research.
PETALING JAYA: PT Bank Maybank Indonesia Tbk (Maybank Indonesia) saw its net profit grow 29.7% to 538.2 billion rupiah for the first quarter ended March 31, on improvement in fee based income, as well as sustained strategic cost management.
KUALA LUMPUR: Bank Islam Malaysia Bhd is revising its Base Rate (BR) by 50 basis points from 3.27% to 2.77% per annum, while Base Financing Rate (BFR) is revised from 6.22% to 5.72% per annum.
KUALA LUMPUR: Malayan Banking Bhd posted a record net profit of RM8.20bil in the financial year ended Dec 31,2019 (FY19), lifted a strong performance in the fourth quarter, compared with RM8.11bil in FY18.