Maybank posts net profit of RM2.06bil in 4Q, declares 30c div

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This was 33.79% higher than the previous corresponding quarter.

recorded a net profit of RM2.06bil in the fourth quarter ended Dec 31, 2021, which was 33.79% higher than RM1.54bil in the previous corresponding quarter.The board declared a second interim dividend of 30 sen per share, bringing its full-year payout to 58 sen per share.

The group's net earned insurance premiums from the insurance and Takaful subsidiaries decreased 22.1% year-on-year to RM2.17bil. The group's allowances for impairment losses decreased 85.6% to RM157.3mil as compared to the previous corresponding quarter. It reported revenue of RM45.96bil in FY21, which was 9.94% lower than RM51.03bil in the previous year.

Source: Financial Digest (financialdigest.net)

 

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