Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
RHB Bank Pre-Tax Profit Falls To RM644.07 Million
Last update: 27/11/2017

KUALA LUMPUR, Nov 27 (Bernama) --†RHB Bank Bhd's pre-tax profit for the third quarter ended Sept 30, 2017 declined to†RM644.07 million from RM662.62 million in the same quarter last year.

Revenue fell to RM2.62 billion from RM2.65 billion†previously,†it said in a filing to Bursa Malaysia today.

RHB Bank said group retail banking, the†biggest contributor, reported† 3.2 per cent lower†pre-tax profit of RM799.5 million for the first nine months ended Sept 30,†2017, mainly due to lower net fund-based income as yield competition intensified.

Group business banking recorded a pre-tax profit of RM277.2 million in the first nine months, a decrease of 15.9 per cent†due to higher allowances for loans and financing and higher operating expenses, it said.

The bank said group wholesale banking recorded a pre-tax profit of RM1.27 billion, an increase of 3.8 per cent from the previous year's corresponding period.

On outlook, RHB Bank said, it expected to deliver a better performance this year with its continued†focus on selective areas of growth while also effectively managing asset quality and enhancing productivity through its various digitisation initiatives.

-- BERNAMA

 <Back>

Islamic Financial Institutions should adopt IIFM standards
Islamic Banks eyes bigger trade financing mart share

 
Maybank†Islamic CEO Mohamed Rafique Appointed IBFIM Chairman

Taiwan's Shinkong Insurance company gets excellent ratings
Tinubu Square launches innovation lab for insurance and banking industry

 
MSAM 2018 records 200,168 visitors

MIDDAY, FRIDAY, MAY 18
US 3.9755/9785
S'pore 2.9597/9631
100 Yen 3.5828/5868
Sterling 5.3705/3761
Euro 4.6927/6974
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
 

 
  Main | News | Insurance

© 2018 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution