RHB Bank’s first-half results meet expectations

Stable ground: The RHB Bank logo is seen at its branch in Kuala Lumpur. Kenanga Research is cautiously optimistic the bank can achieve its financial year 2017 target. — Reuters

PETALING JAYA: RHB Bank Bhd’s first-half financial year 2017 (FY17) results came within analysts’ expectations and it is back rebuilding the bank after the merger deal between it and AMMB Holdings Bhd failed.

However, asset quality issues and the lack of revenue growth may weigh down on the share price performance of the banking stock, said analysts.