Malaysia's Maybank Q3 net profit up 11pc on loans growth

KUALA LUMPUR: Malaysia's largest lender Malayan Banking Bhd (Maybank) reported a 11 percent rise in third-quarter net profit, driven by stronger loan growth.

The bank reported a net profit of 1.14 billion Malaysian ringgit ($382.5 million), compared with 1.03 billion ringgit a year ago, as its loan portfolio grew 16.4 percent.

The performance just surpassed UBS's forecast of 1.13 billion ringgit, according to Thomson I/B/E/S.