Forex exchange trading boost banks’ profits


  • Business Premium
  • Friday, 13 Feb 2009

PETALING JAYA: Foreign exchange (forex) trading and operations have surfaced as a more substantial source of earnings for banks following volatile currency movements.

In the current reporting season, two banks – Public Bank Bhd and Hong Leong Bank Bhd – have announced their latest quarterly earnings, and both showed significant increases in forex gains.

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