Maybank

Maybank Group today announced that it closed the financial year ended 31 December 2020 with a net profit of RM6.48 billion compared with RM8.20 billion a year earlier as the Group had to book in significantly higher net impairment losses owing to the continued impact from the COVID-19 pandemic, although this was partly offset by higher net operating income and reduced overhead expenses. Profit before tax (PBT) for the year dipped to RM8.66 billion from RM11.01 billion a year earlier.  

Highlights

• Net fee based income rose 12.3% to RM8.11b
• Net fund based income eased 4.9% to RM16.65b
• Net operating income grew 0.1% to RM24.76b
• Overhead expenses registered a 2.7% reduction to RM11.25b
• Pre-provisioning operating profit up 2.6% to a record RM13.52b
• Profit before tax 21.4% lower at RM8.66b from RM11.01b
• Net profit declined by 20.9% to RM6.48b from RM8.20b
• Healthy liquidity position with Group LCR at 142.0% from 141.0%
• Robust capital position: 18.10% total capital ratio (after proposed dividend, assuming 85% reinvestment rate) & 14.73% CET1 ratio

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