Its revenue of RM2.08 billion in the quarter was higher than RM2.06 billion in the corresponding period last year. Higher net interest income by 8.4 per cent and improved net interest margin of 2.02 per cent was recorded for the quarter, driven by lending growth in targeted segments. Total income of its new business banking division grew 17 per cent year-on-year to RM60.1 million while wholesale banking grew 9.1 per cent to RM343 million in total income. Retail banking recorded a modest growth in total income of 2.4 per cent year-on-year to RM351.9 million. “We will focus on the growth of quality assets, our deposit mix, maximising fees as well as optimising and improving our risk-adjusted returns.

Source: New Strait Times August 24, 2017 08:37 UTC