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Islamic Finance Briefing - Categorized | Banking, Performance more

Maybank posts $862mln first half profits

Posted on 23 August 2012

Maybank’s profits rose by 21.2 percent to 2.7 billion Malaysian ringgit or US$862 million in the first half from the same period last year. Revenue grew by 18 percent to 8.2 billion ringgit this year compared to the same period last year. Return on equity is at 16.1 percent and is, thus, above the 15.6 percent target.
The bank cited a 22.3 percent growth in fee-based income and 15.2 percent rise in fund-based income as drivers in the revenue increase………………………………………..Full Article: Source

 
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