Maybank has announced a net profit of RM2.48b for the first quarter ending 31 March 2026, a 4.2% decline from RM2.59b in the same period last year. The bank’s performance was bolstered by improved net interest margins, disciplined cost management, and higher core fees from wealth and investment banking activities, despite a challenging market environment.
The bank’s net fund-based income grew by 3.2% year-on-year to RM5.11b, driven by an improved net interest margin of 2.14%, up from 2.04% a year earlier. However, non-interest income fell to RM1.99b due to weaker trading and market-related income. Maybank’s operating income decreased by 7.9% to RM7.10b.
In Singapore, Maybank reported an 8.4% year-on-year increase in profit before tax to S$194.39m, supported by a 27.5% rise in net fund-based income to S$246.17m. This growth was attributed to lower re-priced funding costs, which offset softer earning-asset income.
Maybank’s President and Group CEO, Dato’ Sri Khairussaleh Ramli, highlighted the group’s steady earnings and strong balance sheet fundamentals, stating, “Maybank continued to deliver steady earnings supported by stronger net interest margin, prudent cost management and broadly stable asset quality during the quarter.”
The bank’s liquidity and capital positions remain robust, with a Group Liquidity Coverage Ratio of 133.3% and a Common Equity Tier 1 ratio of 14.96%. As Maybank progresses with its ROAR30 strategy, it aims to deepen regional connectivity across ASEAN and advance sustainable growth amidst ongoing macroeconomic and geopolitical uncertainties.
