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Islamic Finance Briefing - Categorized | Banking, Performance more

Maybank half-year net profit up 21.2pct

Posted on 17 August 2012

Maybank Islamic maintains No 1 position with total financing of RM55.9 billion representing 28.3% of Maybank’s domestic financing; PBT on track to surpass RM 1 billion for full year. Maybank announced that profit after tax and minority interest (PATAMI) for the half-year ended 30 June 2012 surged 21.2% to a new record of RM2.78 billion, on the back of an 18% growth in revenue. Group profit before tax was up 18.7% to RM3.92 billion.
Revenue topped RM8.2 billion, boosted by a 22.3% growth in fee-based income and 15.2% rise in fund-based income. Growth was strong across almost all business sectors supported by a more than doubling in revenue for Investment Banking and income growth of over 50% for Islamic banking. Group loans which rose by 15.0% further contributed to the better overall performance. (Press Release)

 
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