"Wholesale Banking PBT was 41.7% lower y-o-y across all wholesale segments given the weaker capital markets," the group said in a statement. Consumer banking pre-tax profit (PBT) grew 3.9% y-o-y from better cost management while regional commercial banking PBT jumped 450% from the reduction in provisions. PBT for group asset management and investments soared 542.9% y-o-y from improvement in private markets while group funding PBT was marginally higher y-o-y. For the nine months to Sept 30, the bank registered a net profit of RM4.47bil, 30.7% higher than in the same period last year, on 6% higher revenue of RM13.31bil. On a business-as-usual basis, net profit was RM3.54bil, 3.6% higher over the comparative period, due to lower operating expenses and loan loss provisions.

Source: thestar November 29, 2018 05:50 UTC