The group's operating expense rose 3.3% to RM2.71bil from higher personnel costs, attributed mainly to collective agreement adjustments, and higher establishment and marketing costs. Non-fund based income was RM1.64bil, primarily from the higher net gain on forex and derivatives and net trading and investment income. Its net fund based income was RM4.11bil on the back of higher funding costs, mainly due to fixed deposit growth of 14.9% year-on-year (y-o-y) while net interest margin for the quarter was RM1.85bil. Revenue for the period, meanwhile, was RM12.18bil against RM9.21bil in the comparative 2022 period.įor 9MFY23, RHB posted a total income of RM5.75bil. Over the nine months period, RHB recorded a net profit of RM2.22bil, which led the net profit of RM1.91bil in 9MFY22. The group's revenue rose to RM4.22bil during the quarter under review from RM3.45bil in the previous corresponding quarter.
In the third quarter ended Sept 30, 2023, the banking group said net profit was RM649.95mil, down from RM695.41mil in the same quarter in 2022, representing a basic earnings per share of 15.16 sen as compared to 16.51 sen. KUALA LUMPUR: RHB Bank Bhd fought back against headwinds in the third quarter of the year, but managed to uphold a firm financial performance with a slightly lower bottomline.
