Maybank's 2Q net profit rises to RM2.69bil, declares 31c div/share
Malayan Banking Bhd (Maybank) reported a slight year-on-year increase in second-quarter net profit to RM2.69 billion, supported by improved cost management and lower impairment provisions. The bank also declared a 31 sen per share dividend despite a dip in quarterly revenue.
Why it matters
As a major financial institution in Southeast Asia, Maybank's performance serves as a key indicator for the regional banking sector's health and economic stability.
KUALA LUMPUR: Malayan Banking Bhd 's (Maybank) net profit in the second quarter ended June 30, 2026, was up slightly year-on-year (y-o-y) to RM2.69bil as compared to RM2.63bil in the previous corresponding quarter amid improved cost discipline and lower net impairment provisions.
Quarterly revenue dipped to RM16.08bil from RM17.08bil in the previous-year quarter.
Pre-tax profit for the quarter rose 3.7% y-o-y to RM3.64bil while return on equity improved to 12% from 11.6% a year earlier.
The board declared a first interim dividend of 31 sen per share, of which five sen is electable under the Dividend Reinvestment Plan (DRP).
According to Maybank, income growth in 2QFY26 was driven by net fund-based income, rising 1.9% y-o-y, and an increase in core fees, particularly wealth, investment banking and banking-related fees.
The bank said net interest margin expanded 10 basis points to 2.1%.
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