Kuala lumpur: Malayan Banking Bhd (Maybank) shares experienced an uptick in early trade on Wednesday, driven by its robust second quarter (2Q) financial results and a stable growth outlook in key markets.
According to BERNAMA News Agency, Maybank's shares increased by 4.0 sen to RM9.79 at 9.53 am, with a volume of 1.50 million shares changing hands. The bank's recent performance, as revealed in a filing to Bursa Malaysia, showcased a net profit of RM2.62 billion for the quarter ending June 30, 2025, improving from RM2.52 billion in the same period the previous year. Meanwhile, revenue saw a slight decline, amounting to RM17.07 billion compared to RM17.17 billion previously.
Datuk Seri Khairussaleh Ramli, the President and Group Chief Executive Officer, emphasized the bank's commitment to pursuing growth opportunities, even amidst challenging market conditions. He highlighted that in Malaysia and Singapore, Maybank anticipates surpassing industry loan growth while continuing efforts to rebalance its portfolio in Indonesia.