KUALA LUMPUR (Aug 30): Malayan Banking Bhd (Maybank)'s net profit for the second quarter ended June 30, 2023 rose 45% to RM2.34 billion from RM1.61 billion a year earlier, led by higher non-interest income from stronger treasury and markets income.

In a Bursa Malaysia filing on Wednesday, Southeast Asia’s fourth largest bank by assets said revenue for the quarter jumped to RM16.13 billion from RM10.25 billion a year earlier.

Earnings per share rose to 19.40 sen from 13.44 sen.

Maybank declared a dividend of 29 sen per share, translating to a dividend payout ratio of 75.9%, equivalent to RM3.5 billion, to be paid no later than three months from the date of declaration.

For the cumulative six months ended June 30, 2023, Maybank posted a net profit of RM4.60 billion versus RM3.66 billion a year earlier, on revenue of RM31.32 billion against RM21.36 billion previously.

In a separate statement, Maybank chairman Tan Sri Zamzamzairani Mohd Isa said the promising first half performance continues to validate the strong franchise that Maybank has and the M25+ strategy the bank has adopted despite the global challenges faced.

He said the group remains positive on the outlook in the region, especially its home markets, and will continue to create value for its stakeholders and remain committed to pursuing a responsible growth strategy for the future, in line with its mission to Humanise Financial Services.

“We are optimistic that better business opportunities remain, driven by policies outlined by the government to further drive private sector investments and enhance consumer confidence.

“We intend to leverage our strong brand equity, digital capabilities as well as expertise and solid infrastructure to tap into growth opportunities and serve our customers better,” he said.

Meanwhile, Maybank group president and chief executive officer Datuk Khairussaleh Ramli said Maybank’s aim going forward will be to accelerate its growth momentum and boost revenue drivers with an emphasis on key growth areas, while improving asset quality and maintaining strong liquidity and capital positions to manage potential risks that may arise from changes in the operating environment.

“We will continue to prioritise customer centricity through the enhancement of our customers’ journey by providing relevant financial solutions and services across various touchpoints and focus on our strategic initiatives under Maybank’s M25+ strategy anchored on the five strategic thrusts,” he said.

At the midday break, Maybank added 0.22% or two sen to RM9.11 with 2.54 million shares done.

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