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Maybank 2Q PBT up 1.6% to RM2.65 billion on back of higher net fee based income
Maybank Group today announced that its profit before tax for the second quarter ended 30 June 2019 (2QFY19) rose 1.6% to RM2.65 billion on the back of a 1.2% rise in net operating income and a 19.6% decline in net impairment losses.
Net fund based income higher by 0.3% to RM4.17 billion
Net fee based income rose 3.6% to RM1.72 billion
Net operating income increased 1.2% Y-o-Y to RM5.89 billion
Group loans and deposits up 4.6% and 3.9% Y-o-Y respectively
Profit before tax up to RM2.65 billion compared with RM2.61 billion in 2QFY18
19.6% decline in 2QFY19 impairments compared with 2QFY18
Robust capital position: 17.98% total capital ratio & 14.23% CET1 ratio
25 sen interim dividend representing 74.9% payout ratio