Maybank Q1 net profit up 11.8%

Maybank's net profit rose 11.8% to RM1.51 billion in the first quarter, as compared to RM1.35 billion in the corresponding quarter last year.

According to the Chief executive officer Datuk Seri Abdul Wahid Omar, the increase of 11.8% was driven by robust growth in the Group's International operations.

Furthermore, the higher revenue growth and improved operating profits accross key sectors also contributed to the results postive growth.