KUALA LUMPUR: Malayan Banking Bhd’s (Maybank) pre-tax profit for the second quarter ended June 30, 2017 rose to RM2.24 billion from RM1.58 billion reported in the same period a year ago.
Revenue was slightly lower at RM10.92 billion versus RM10.94 billion, the bank said in a filing to Bursa Malaysia.
Maybank said its key strategic priorities for 2017 would be to strengthen revenue drivers by focusing on pockets of opportunities across the various segments in consumer and corporate lending and capturing regional opportunities through Maybank Kim Eng, Etiqa and Maybank Islamic franchises.
“We will leverage on our multi-channel digital capabilities, expand product segments, increase productivity, and drive regional cross-selling synergies while keeping customer needs at the forefront.
“Barring any unforeseen circumstances, the group expects its financial performance for 2017 to be satisfactory, given the ongoing challenging global environment,” it said in a filing to Bursa Malaysia.
The group’s key performance indicator for return on equity was between 10 per cent and 11 per cent and loans growth for the group was expected to be in line with the industry. — Bernama