RM11.8b profit for banking system


  • Business
  • Thursday, 24 Mar 2005

THE banking system recorded preliminary unaudited pre-tax profits of RM11.8bil for calendar year 2004, up 16.1% than the preceding year. 

Bank Negara said this was due to improved gross operating profits, higher net gains from securities trading and investment activities as well as increase in dividend income from non-banking entities. 

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