RHB credit charge-off rate to come in lower

"We estimate that every one-basis-point reduction in CCOR from our projection will enhance our FY22 forecast net profit for RHB Bank by circa 0.5%,” says CGS-CIMB Research.

PETALING JAYA: The credit charge-off rate for RHB Bank Bhd in the financial year 2022 (FY22) could come in lower at between 20 and 30 basis points (bps), below its original guidance of 30 to 40 bps.

This was revealed by RHB Bank’s group chief financial officer Nik Rizal Kamil Nik Ibrahim Kamil during CGS-CIMB Research’s regional virtual conference held on Nov 9.