PT Bank Maybank Indonesia Tbk (“Maybank Indonesia” or the “Bank”) today announced that its profit after tax and minority interests (PATAMI) for the financial year ended 31 December 2018 surged 21.6% to a new high of Rp2.2 trillion on the back of higher NII and continued improvement in asset quality. Profit Before Tax (PBT) increased 20.5% to a record Rp3.0 trillion, the Bank’s highest achievement to date. The recurring PBT rose 34.3% YoY after eliminating exceptional one-off proceeds mainly from the sale of securities in 2017. Better asset quality, a solid growth in Sharia business, combined with improvement in subsidiaries as well as sustained strategic cost management also contributed to the Bank’s improved performance.
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