Maybank today announced record Group pre-tax profit of RM5.37 billion compared to pre-tax profit of RM1.67 billion posted in 2009. Net profit after tax and minority interest (PATAMI) jumped to RM3.82 billion from RM691.9 million previously. If compared to the normalised profit last year, pre-tax profit this year totalled RM5.01 billion, a 31.7% increase from RM3.81 billion previously. In the last financial year, the Group's results were impacted by the RM1.97 billion impairment charge on its investment in Bank Internasional Indonesia (BII) and MCB Bank.The results were achieved on the back of higher revenues across all key business segments.
The significant profit growth affirms the Group's vision and strategy to entrench itself as a clear leader in the Malaysian market and emerge as a regional financial services leader by 2015. It also bears testimony to the benefits of the Group's transformation efforts which are now being accelerated with the performance improvement initiatives embedded within each Sector to propel Maybank forward for the next phase.
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