KUALA LUMPUR Feb 27 Malayan Banking Bhd
(Maybank), Malaysia's biggest bank, said net profit
for the latest quarter jumped 18.5 percent due in part to growth
in income from loans and in Islamic banking, which helped push
annual earnings to a record.
Net profit came to 1.73 billion Malaysian ringgit in the
October-December quarter, up from 1.46 billion ringgit a year
earlier, and ahead of an average estimate of 1.69 billion
ringgit from two analysts polled by Thomson Reuters I/B/E/S.
For the full year, net profit climbed 15.8 percent to 6.6
Maybank, led by new chief Abdul Farid Alias, is looking to
ramp up expansion in Southeast Asia, seeking to boost overseas
profits to 40 percent of overall income in 2015 from about 30
Rival CIMB Group Holdings Bhd, Malaysia's
second-largest bank, on Tuesday reported a fifth straight year
of record profits and was upbeat about the year ahead on the
back of booming economic growth in Southeast Asia.
(Reporting by Yantoultra Ngui; Additional Reporting by Tripti
Kalro in Bangalore; Editing by Edwina Gibbs)