Maybank keeps FY26 targets intact despite external headwinds
KUALA LUMPUR: Malayan Banking Bhd (Maybank) is keeping its financial year 2026 (FY26) targets intact after posting higher second-quarter earnings of RM2.69 billion, even as external headwinds persist.
Maybank maintains its FY26 targets despite global challenges. The bank reported higher second-quarter earnings of RM2.69 billion, amid persisting external headwinds such as the Middle East conflict. President and group CEO Khairussaleh Ramli stated that domestic economic resilience has helped borrowers cope better than expected.
He emphasized that Malaysia's open economy, characterized by significant import-export activities and foreign investments, would continue to expose Maybank to global market fluctuations. Despite these, Maybank aims to retain its full-year guidance of a minimum return on equity (ROE) of 11.8 percent, loan growth of 4-5 percent, and a cost-to-income ratio of around 49 percent.
The bank is prepared to offer restructuring assistance to borrowers facing cash flow disruptions due to the conflict, but the current impact has been less severe than anticipated. Maybank sees potential growth opportunities in Malaysia's expanding investment market, even with a reduced weighting in the FTSE Bursa Malaysia KLCI index.
Additionally, the company is leveraging AI to enhance efficiency in compliance, risk management, and other processes, anticipating efficiency gains of 20-60 percent in selected areas.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
