KUALA LUMPUR: MALAYAN BANKING BHD []'s earnings were RM1.028 billion in the first quarter ended Sept 30, 2010, up 16.6% from RM881.80 million a year ago.
It said on Friday, Nov 12 revenue rose to RM5 billion from RM4.56 billion. Earnings per share were 14.53 sen versus 12.46 sen.
Maybank said the net interest income increased by 9% or 146.9 million due to improvements in the group's operations from higher net interest income margins in Malaysia arising from increases in the overnight policy rate and expansion of market in Indonesia.
It said income from Islamic Banking operations decreased by RM43.3 million or 11.3% to RM338.2 million due to higher provision for profit equalization reserves in the Islamic business but mitigated by increase in growth in assets which increased gross income in Islamic business.
It said on Friday, Nov 12 revenue rose to RM5 billion from RM4.56 billion. Earnings per share were 14.53 sen versus 12.46 sen.
Maybank said the net interest income increased by 9% or 146.9 million due to improvements in the group's operations from higher net interest income margins in Malaysia arising from increases in the overnight policy rate and expansion of market in Indonesia.
It said income from Islamic Banking operations decreased by RM43.3 million or 11.3% to RM338.2 million due to higher provision for profit equalization reserves in the Islamic business but mitigated by increase in growth in assets which increased gross income in Islamic business.
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