Maybank

Maybank Group today announced that its profit before tax (PBT) for the second quarter ended 30 June 2020 (2QFY20) was 52.6% lower at RM1.26 billion compared with RM2.65 billion in the same period last year, as the Group booked in the impact from the movement restriction orders as well as the reductions in interest rates across most of its regional markets arising from the COVID-19 pandemic. Net profit for the quarter declined by some RM1 billion or 51.5% to RM941.7 million from RM1.94 billion a year earlier. 

Highlights

• Net fund based income 7.8% lower at RM3.84b
• Net fee based income rose 5.0% to RM1.81b
• Net operating income declined 4.1% to RM5.65b
• Overhead expenses registered 4.1% drop to RM2.71b
• Pre-provisioning operating profit at RM2.94b from RM3.07b a year earlier
• Net impairment losses at RM1.74b from RM452m last year
• Profit before tax at RM1.26b, and net profit at RM0.94b
• Healthy liquidity position with Group LCR at 140.5%
• Robust capital position: 19.04% total capital ratio & 15.43% CET1 ratio
• Cost to income ratio flat from 47.9% a year earlier 

More information is available as follows:
1. Press Release
2. Investor Presentation
3. Financial Statements