![]() Annualised credit charge ratio improved to 0.18% compared with 0.20% over the same period a year ago.Allowances for credit losses was RM210.7 million, 12.9% lower than the previous year, primarily due to lower ECL on loans and higher ECL writeback on financial assets. ![]() Operating expenses continue to be tightly managed,resulting in an improved cost-to-income (CIR) ratio of48.5% from 49.0% a year ago.Non-fund based income rose significantly by 15.3% Y-o-Y to RM1,582.7 million, contributed largely by highernet trading and investment income and insurance underwriting surplus.Funding and interest expense rose 12.4% Y-o-Ycollectively, due to the impact from the OPR hike in January 2018 and higher deposit base. As a result, net fund based income declined marginally by 0.6% Y-o-Yto RM3,677.4 million. Gross fund based income increased by 6.4% Y-o-Y on the back of a 5.2% increase in gross loans and financing notwithstanding the OPR cut in May 2019.The Group reported a net profit of RM1,861.4 million, up 7.0% year-on-year (Y-o-Y) mainly from higher non-fund based income and lower expected credit losses(ECL).KUALA LUMPUR, Nov 25 - RHB Bank Berhad (the Group) announced today its financial results for the first nine months ended 30September 2019.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |