File pic: Datuk Khairussaleh Ramli, group managing director of RHB Bank described the final dividend of 18.5 sen per share, which brought the total dividend to 31 sen per share and payout ratio for the year to 50.1%, as the highest ever dividend payout by the group.
KUALA LUMPUR: RHB Bank Bhd posted net profit of RM2.48bil in the financial year ended Dec 31,2019 (FY19), an increase of 7.7% year-on-year from RM2.30bil in FY18.
In its announcement to Bursa Malaysia on Thursday, it attributed the earnings growth mainly due to higher net income, lower expected credit losses (ECL) for loans and higher writeback of impairment losses for financial assets.
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