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Maybank Chalks Up Record Q4 Net Profit, BII Makes Handsome Returns
Fourth quarter net profit rose to RM1.73 billion from RM1.45 billion.
The impressive set of results by the country's largest bank was largely due to a combination of factors.
This included better returns from international banking, especially PT Bank Internasional Indonesia, higher loans growth, improved cost management as well as a good show in Islamic banking operations, the banking group said in a statement here Thursday and in a filing to Bursa Malaysia.
Maybank also chalked up a higher pre-tax profit of RM8.869 billion for the year ended 2013 from RM7.896 billion in 2012, while revenue rose to RM33.250 billion versus RM31.227 billion previously.
For the fourth quarter, pre-tax profit rose to RM2.3 billion against RM1.94 billion in the quarter in 2012, while revenue rose to RM8.269 from RM7.802 billion.
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