Maybank announced a 15% year-on-year increase in net profit for Q1 FY2025, surpassing market expectations. Robust loan growth and improved asset quality were key drivers. Management expressed optimism for the full-year performance in 2025, citing resilient domestic demand and regional expansion efforts.
Maybank, Malaysia's largest bank, reported an impressive first-quarter performance for FY2025, with net profit reaching RM2.55 billion, a 15% increase year-on-year. This figure surpassed analysts' consensus estimates, primarily driven by robust loan growth, particularly in the retail and SME segments, and continuously improving asset quality. The bank's net interest margin (NIM) remained stable, while non-interest income also registered healthy growth. Management expressed optimism for the full-year performance in 2025, projecting loan growth to remain between 5-6%, bolstered by Malaysia's economic resilience and regional business expansion. Furthermore, Maybank highlighted its ongoing investments in digital transformation to enhance operational efficiency and customer experience. Moving forward, the bank will continue to focus on cost control and risk management to navigate potential macroeconomic headwinds.
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