PETALING JAYA: RHB Capital Bhd recorded a final serve of RM228.6mil for the initial quarter ended March 31, 2009, up 3% from RM222.4mil in the above corresponding age due to higher fretwork interest income, harm loss no longer required and improved Islamic banking area income. In a filing to Bursa Malaysia, the classify said the improved act was fundamentally offset by lower other operating income, higher loan-loss allowances and elated other operating expenses.
In a statement, RHB Bank chairman Datuk Azlan Zainol said: “Keen championship is expected to proceed amidst the various perseverance players coupled with diminish rate rates and demand, therefore we expect there would be further pressure on net-interest margins.” He added that the collection would endure focused on building its heart businesses as well expand its market share out during the more challenging period with improvement in its sales, rite and support infrastructure. “Barring any unlooked-for circumstances, the group expects to attain a satisfactory performance in 2009,” he added. During the foremost thirteen weeks of 2009, the statement said, the ensnare interest income amounted to RM573.5mil, an raise of 8% or RM43.2mil compared with the quondam corresponding period. “The growth was largely due to lower scrutiny expense as a result of reduced money money market operations and benefits due to cut overnight-policy rate,” the announcement said.
Other operating receipts declined by 12% to RM213.1mil for the start with quarter due to lower fee gain and lower net gain on non-native exchange. Meanwhile, loan-loss allowances was higher by 15% as consequence of further pre-emptive explicit provision made during the stretch under review in the light of weaker money-making condition.
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