Maybank Indonesia reports strong profits in 1H 21

12
Jakarta

Maybank Indonesia or the Bank has announced its Consolidated Financial Results for the first half ended 30 June 2021, with Profit Before Tax (PBT) at Rp762 billion, a decline of 28.5% from Rp1.1 trillion in the same period last year.

The Bank’s Profit After Tax and Minority Interest (PATAMI) for the first half was recorded at Rp510 billion, a decline of 37% from Rp810 billion in the same period last year, due to the prolonged impact of the Covid-19 pandemic since the first quarter of 2020.

The Bank’s capital position remained strong, with its Capital Adequacy Ratio (CAR) standing at 26.3% in June 2021, compared with 22.1% in the previous year.

The Bank’s total capital also increased to Rp27.2 trillion in June 2021 from Rp26.4 trillion in the same period last year.

Maybank Indonesia continued to accelerate its digital banking transformation on its M2U ID service consisting of the internet banking (web) and digital banking application (App) offering convenience for customers, particularly in managing their personal finances.

In an effort to provide ease of use for customers’ banking transactions, several enhancements were added during the first half of 2021, including features for online health insurance purchase and an enhanced security feature of Secure2u, for faster, easier and more secure transactions,—Agencies

Previous articleHow Islamic finance can help build a better future for all
Next articleNAB announces launch of specialised financing product for Islamic business