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PETALING JAYA: RHB Bank Bhd saw improved performance for its third quarter ended Sept 30, with net profit jumping 6.4% to RM615.8mil while revenue rose 4.1% to RM3.33bil.
KUALA LUMPUR: RHB Bank Bhd posted a stronger set of financial results in the third quarter ended Sept 30,2019 with net profit higher by 6.4% to RM615.80mil from RM578.69mil a year ago.
PETALING JAYA: The going gets tough for the Employees Provident Fund’s majority-owned Malaysia Building Society Bhd (MBSB), as the bank provisions for higher expected credit losses (ECL) amid a subdued loan growth in the first quarter of financial year 2019 (1Q19).
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) posted lower net profit of RM83.83mil in the first quarter ended March 31, 2019 due to higher expected credit losses (ECL).
With the deadline looming closer, banks are busy upgrading their sySTEMs and processes to meet the new standard on loan impairment under MFRS 9 which involves higher provisions that could take a toll on their earnings.