Maybank continues to protect margins via selective asset growth | Malay Mail

Customers leave a branch of Malaysia's Maybank in Putrajaya October 9, 2009. — Reuters pic

“What this means is that we will not necessarily grow our balance sheet for scale and volume, but instead, look at protecting our margins, as well as pricing credits and liabilities correctly for the benefit of both our customers and investors,” he said in its 2018 Annual Report released recently. On other developments, he said the upcoming regulatory implementation of the Net Stable Funding Ratio in 2020 for Malaysia could lead to deposit competition in the market, resulting in higher funding cost, he said.

“Apart from our growth drivers, we will remain focused on cost and asset quality management group-wide. Through the above mentioned areas, the group has set a return-on-equity key performance index of 11 per cent in 2019 financial year,” he said. Creating an account can also be done at the comfort of one’s home, without having to visit any Maybank branches. “Solutions such as these will widen our customer reach and encourage migration to a cashless economy,” he said.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Maybank facing service interruptions affecting cards and online banking | Malay MailKUALA LUMPUR, March 27 — Maybank has announced via Facebook and Twitter that they are facing intermittent service interruptions on their banking network. This affects some cardholders as well as electronic banking services. Maybank is currently working on rectifying the issue as soon as possible....
Source: malaymail - 🏆 1. / 86 Read more »

Maybank electronic banking services back to normal | Malay MailKUALA LUMPUR, March 27 — Maybank’s electronic banking services have been restored after facing intermittent service interruptions this afternoon. “As of now, the issue has been resolved and services are back to normal. We apologise for the inconvenience caused and would like to thank our...
Source: malaymail - 🏆 1. / 86 Read more »