RHB Bank Earnings Hit Record on Islamic Banking Rebound
The RHB Investment Bank Bhd. headquarters in Kuala Lumpur.
Photographer: Samsul Said/BloombergMalaysia’s RHB Bank Bhd. posted record quarterly earnings, propelled by a recovery in its Islamic banking division and lower-than-expected credit losses.
Net income for the quarter ended September rose by 8.5% to 904 million ringgit ($219 million), ahead of the average analyst estimate of 843 million ringgit, which the lender attributed to a rise in overall income.