1 Min Read
KUALA LUMPUR, May 25 (Reuters) - Malayan Banking Bhd (Maybank) posted a 19 percent jump in first-quarter net profit on the back of regional loans growth, improvement in net interest margin and lower net impairment losses.
Malaysia's largest lender by assets reported a net profit of 1.70 billion ringgit ($397.52 million) for January-March compared to 1.43 billion ringgit a year ago.
That was higher than the 1.2 billion ringgit average estimate of three analysts surveyed by Thomson Reuters. ($1 = 4.2765 ringgit) (Reporting by Liz Lee; Editing by Muralikumar Anantharaman)