Malayan Banking Bhd (Maybank) reported a resilient performance for the first quarter ended 31 March 2025 (1Q FY25), with net profit rising 4% year-on-year to RM2.59 billion.
This was supported by steady growth in income, improved asset quality, and disciplined cost management, despite a volatile global economic environment.
The Group’s net operating income grew by 1.8% to RM7.71 billion, while profit before tax (PBT) climbed 4.4% year-on-year to RM3.59 billion. Its net interest margin (NIM) remained stable at 2.04%, driven by higher net fund-based income, which rose 2.3% to RM4.95 billion, supported by a 3.2% growth in loans across Malaysia, Singapore, and Indonesia.
However, on an annualised basis, loan growth was more modest at 2.2%, reflecting ongoing caution in the business environment and softer credit demand. Non-interest income (NOII) contributed 35.8% to total income, amounting to RM2.76 billion, bolstered by stronger wealth management performance.
Operating expenses edged up slightly to RM3.74 billion from RM3.66 billion a year ago, mainly due to higher personnel, marketing, and software maintenance costs. Pre-provisioning operating profit stood at RM3.97 billion, a 1.3% increase from the same quarter last year.
Maybank’s capital and liquidity positions remained solid, with a Common Equity Tier 1 (CET1) capital ratio of 14.88%, and total capital ratio of 17.96%. Its liquidity coverage ratio stood at 135.7%, comfortably above the regulatory minimum of 100%.
Group President and CEO, Datuk Khairussaleh Ramli, said Maybank’s earnings growth reflected the Group’s resilience, underpinned by a clear business strategy, effective execution, and ongoing focus on supporting customers.
“The global economic outlook remains uncertain. Nevertheless, we expect continued growth in the markets where we operate.
“Our focus remains on completing our M25+ strategic plan by strengthening our core, accelerating digital transformation, and embedding sustainability into all aspects of our business.”
As of 1Q FY25, Maybank achieved RM10.29 billion in sustainable finance, bringing its cumulative total to RM125.46 billion, well ahead of its RM80 billion target set for 2025. It also exceeded its social impact goal by reaching 2.12 million beneficiaries across ASEAN.
In terms of environmental performance, the Group recorded a 53.6% reduction in Scope 1 and 2 carbon emissions, progressing towards its 57.5% reduction target by 2025 and long-term goal of net zero by 2050.
Looking ahead, Maybank aims to continue building on its momentum by focusing on high-growth areas, driving regional connectivity, and delivering inclusive, values-based financial solutions.
Shahriena Shukri is a journalist covering business and economic news in Malaysia, providing insights on market trends, corporate developments, and financial policies. More about Shahriena Shukri.
