Monday, 03 Aug 2020 06:03 PM MYT
The bank attributed the performance to the improvement in its fee-based income, which rose by 1.4 per cent to 1.2 trillion rupiah in June 2020, as well as sustained strategic cost management. Maybank Indonesia said overhead costs were managed effectively, declining by 4.6 per cent to 3.0 trillion rupiah in June 2020 due to continued cost management initiatives across business lines and support units, coupled with reduction in general and administration costs as the bank implemented work from home arrangements following the COVID-19 pandemic.
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