They expect to continue to grow in the markets they operate.

Maybank reported a net profit of $614.25m (MYR2.59b) for Q1 2025, a 4% year-on-year rise, according to its latest financial report.

Net operating income rose 1.8% to $1.8b (MYR7.71b), according to Malaysia’s largest bank by assets.

Net fund based income grew 2.3% to $1.17b (MYR4.95b), whilst non-interest income rose to MYR2.76b, supported by a growth in wealth management fees, the bank said.

Net interest margin (NIM) is 2.4% for the quarter, supported by net-fund based income and loans growing by single digits.

Non-interest income (NOII) contributed 35.8% of total income, at $654m (MYR2.76b).

Overhead costs expanded to MYR3.74b in Q1, from $886.9m (MYR3.66b) during the same period in 2024. This was due to higher personnel expenses, marketing costs, and software maintenance expenses, Maybank said.