RHB Bank's net profit for the fourth quarter fell 24% year-on-year despite a higher revenue of RM4.4bil.
KUALA LUMPUR: Malaysia’s fourth largest banking group, RHB Bank
Bhd, is maintaining a cautious stance as it navigates 2024, being mindful of risks from external factors such as uncertainty of monetary policy stance in the United States, inflationary pressures and escalating geopolitical conflicts.
Nevertheless, it remains optimistic that global economic growth will accelerate this year, supported by easing monetary policy trends and China’s potential economic recovery, which should in turn lead Malaysia’s growth momentum.
