Its profit before tax (PBT) stood at RM7.89bn ($2.54bn), with a significant increase from RM6.88bn ($2.21bn) during the corresponding period earlier year.
The bank, which manages its international operations across 20 countries, said that Singaporean PBT exceeded RM1bn ($322m) and Indonesian PBT grew by nearly 60% to RM0.55bn ($177m).
The group’s total operating income surged by 12%, mainly due to strong domestic positioning, diverse capabilities and regional network that helped to grow its franchise and explore new market segments.
Revenue growth was driven by 14% increase in net fee-based income and 10.8% increase in net fund-based income.
Maybank’s three home markets consisting of Malaysia, Singapore and Indonesia, which add more than 90% of the group’s income and profit, are expected to record positive revenue growth on the back of improved economic expansion during the next year.
The group expects that it will maintain a Common Equity Tier 1 Capital (CET1) ratio of above 7% ahead of the minimum level of CET1 ratio (inclusive of capital conservation buffer) as required by 2019.
