AMMB posts net profit of RM262.8m in 3Q, RM1.09b in 9M

KUALA LUMPUR: AMMB Holdings Bhd posted lower net profit of RM263.82mil in the third quarter ended Dec 31,2020 and RM866.31mil in the nine-month period due to allowance for impairments on loans, advances and financing.

CIMB sees improved performance in 2021

CIMB sees less provisions in 2021 after coronavirus-hit 2020

KUALA LUMPUR: CIMB Group Holdings Bhd reported a steep drop in its annual profits on higher loan loss provisions due to the pandemic, but the bank expects its financial performance to improve in 2021 in line with the economy.

RHB posts FY20 net profit of RM2.03bil, proposes div of 7.65 sen/share

KUALA LUMPUR: RHB Bank recorded an 18.1% decline in net profit to RM2.03bil in the financial year ended Dec 31, 2020, as compared to RM2.48bil in the previous year due to the net modification loss arising from the loan moratorium and higher expected credit losses.

Maybank expects better year ahead

Higher loan growth on recovery seen to boost returns

Better outlook for banking sector

Industry set to bounce back as country’s economy recovers

Moratoriums pose risks to banking systems in Asean

Pressure on asset quality calls for caution

Moratoriums pose risks to banking systems in Asean

KUALA LUMPUR: Loan moratoriums and restructuring pose critical risks to the banking systems in Asean including Malaysia and need to be watched going forward, according to Maybank Kim Eng Research.

Banking sector holding steady

PETALING JAYA: The banking industry remains on firm footing, with most analysts reiterating a positive outlook for the sector despite a deceleration of loan growth in December.

UBS’s CEO boosts buyback plans after wealth management surges

ZURICH: UBS Group AG will bolster shareholder returns with plans to buy back four billion francs (US$4.5bil) of shares over the next three years after rising fee income and investment bank revenue propelled gains at the world’s largest wealth manager.