“We do not see any modification loss this year. This is the main reason why the second-quarter profit this year was higher than last year,” said group managing director Datuk Khairussaleh Ramli (pic)
KUALA LUMPUR: RHB Bank Bhd saw a year-on-year (y-o-y) rise in its net profit for the second quarter ended June 30, following a recovery from the modification loss that was booked in the previous year’s corresponding quarter.
The bank’s second-quarter net profit rose y-o-y to RM701.3mil from RM400.8mil on the back of quarterly revenue that fell y-o-y to RM2.93bil from RM3.26bil.
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