Maybank

Maybank Group today announced that it achieved a net profit of RM2.39 billion for the first quarter ended 31 March 2021 (1QFY21) compared with RM2.05 billion last year, as loans picked up pace on the improving economic outlook, while overhead expenses and impairments declined. Profit before tax (PBT) for the quarter stood at RM3.17 billion compared with RM2.80 billion in 1QFY20.

Highlights

• Group loans rose 3.1% compared with 0.3% last year
• Net fund based income higher by 7.0% at RM4.65b
• Net fee based income lower by 8.5% at RM2.18b
• Net operating income increased 1.5% to RM6.83b
• Group overhead expenses declined by 4.1% to RM2.82b
• PPOP grows 5.9% to RM4.00 billion on higher income & reduced overheads
• Net impairment losses reduced to RM868.5m from RM1.02b
• Profit before tax rose to RM3.17b
• Net profit increased to RM2.39b
• Group deposits increased 10.3%
• Healthy liquidity position with Group LCR at 138.5%
• Robust capital position: 17.51% total capital ratio & 14.18% fully loaded CET1 ratio

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