Maybank

Maybank Group today announced that its net profit for the third quarter ended 30 September 2020 (3QFY20) came in at RM1.95 billion compared with RM2.00 billion in 3QFY19 as it recorded lower net operating income mainly due to the continued impact from the COVID-19 pandemic, although this was partly offset by reduced overhead expenses and a decline in impairments. Profit before tax (PBT) for the quarter dipped to RM2.61 billion from RM2.65 billion a year earlier.  

Highlights

• Net fund based income at RM4.13b from RM4.52b in 3QFY19
• Net fee based income dipped 1.3% to RM1.95b
• Net operating income 6.5% lower at RM6.08b
• Overhead expenses registered 8.7% reduction to RM2.70b
• Pre-provisioning operating profit at RM3.37b from RM3.53b last year
• Net impairment losses reduced to RM805.9m from RM934.9m
• Profit before tax at RM2.61b from RM2.65b
• Net profit at RM1.95b from RM2.00b
• Healthy liquidity position with Group LCR at 146.6% from 141.5%
• Robust capital position: 18.89% total capital ratio & 15.28% CET1 ratio

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