Loans increased in Malaysia and Singapore but fell in Indonesia.

Maybank’s net profit rose 4% year-on-year to $1.23b in H1 2025, its latest financial results showed.

Net operating income grew 3.2% to $3.64b.

Profit before tax (PBT) increased by 3.2% to $1.68b during the same period, lifted by the bank’s non-interest income (NOII) on improved investment and trading income, and moderation in net impairment provisions.

Net interest margin fell 2 basis points (bp) from a year earlier, which Maybank blamed on the softer rate environment especially in Singapore.

Overhead costs rose to $1.78b on inflation-driven adjustments in personnel expenses, higher marketing costs, and higher costs of software maintenance.

Loans in Malaysia grew 6.8% in H1 2025 compared to the same period a year earlier; in Singapore, loans were up 4.3%.

In contrast, loans in Indonesia declined by 0.4% on corporate portfolio rebalancing.

Deposits expanded 6.1%, led by Singapore with its 21.5% increase, and Malaysia’s 4.9% increase.