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Malaysia's RHB optimistic on achieving profits.

BANKING AND CREDIT NEWS-February 28, 2019--Malaysia's RHB optimistic on achieving profits


Global Banking News - 28 February 2019

Malaysia-based RHB Banking Group (KLSE: RHBCAP) has said that it is optimistic that it will achieve another profitable year.

The firm said that it is hopeful that it can beat its record performance in the financial year ended December 31, 2018. It said that it is optimistic with regards to profits, even though margin compression is expected because of stiff competition.

The firm said that it is expecting to make profits from mortgages and SMEs, which were also the firm's growth drivers in FY18.

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Publication:M2 Banking & Credit News (BCN)
Geographic Code:9MALA
Date:Feb 28, 2019
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