Banks see dent in earnings as economic weakness looms


ONLY two out of the eight banking groups in the country reported higher year-on-year profits in the recently-concluded quarter of January to March, reflecting to acertain extent, the tough economic conditions both here and globally.

To be sure, of the two which registered increased earnings, one saw a huge 81% jump but this was only possible with the help of a substantial write-back for earlier provisions made.

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CIMB , Maybank , Public Bank

   

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