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Nov 12, 2010

Malaysia’s Maybank Q1 beats estimates, sees strong year

KUALA LUMPUR, Nov 12 (Reuters) – Malaysia’s largest lender
Malayan Banking (Maybank) (MBBM.KL: Quote, Profile, Research, Stock Buzz) posted a
better-than-expected 16 percent rise in first-quarter net
profit as domestic rate increases and growth in the bank’s
Indonesia operations boosted net interest income.

Malaysian banks have generally reported strong quarterly
earnings as the economic recovery has spurred increased
borrowing and greater capital market activities.