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Malaysia's Maybank Q1 net profit up 19pc on loans growth
Customers leave a branch of Malaysias Maybank in Putrajaya October 9, 2009. u00e2u20acu201d Reuters pic

KUALA LUMPUR, May 25 — Malayan Banking Bhd (Maybank) posted a 19 per cent jump in first-quarter net profit on the back of regional loans growth, improvement in net interest margin and lower net impairment losses.

Malaysia’s largest lender by assets reported a net profit of RM1.70 billion for January-March compared to RM1.43 billion a year ago.

That was higher than the RM1.2 billion average estimate of three analysts surveyed by Thomson Reuters.  — Reuters

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