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.

KUALA LUMPUR: AMMB HOLDINGS BHD [] posted a strong set of earnings in the second quarter, with net profit at RM332.87 million, up 38.6% from RM240.15 million a year ago, boosted by an increase in interest income.

It said on Friday, Nov 12 that for the quarter ended Sept 30, revenue rose to RM1.77 billion from RM1.584 billion. Earnings per share were 11.09 sen compared with 8.29 sen. It declared an interim dividend of six sen per share.

AMMB said 2Q pre-tax profit improved to RM981.4 million from RM691.1 million reported for the corresponding period last year. The improvement in earnings for the reporting quarter was mainly attributed by increase in interest income by RM108.8 million and increase in other operating income by RM49.9 million.

Gross loans and advances expanded to RM69.0 billion to register an annual growth of 8.3%. The growth was mainly attributed to financing of finance, insurance, real estate and business activities, education and health, residential PROPERTIES [], manufacturing and CONSTRUCTION [].

Financing for purchase of transport vehicles accounted for 34.3% of total loans, followed by loans for residential properties which accounted for 16.7% of total loans.