Malaysia

RHB Asset Management Sdn Bhd, a wholly-owned subsidiary of RHB Investment Bank Berhad, is pleased to announce the appointments of Michael Chang Wai Sing and Mohd Fauzi Mohd Tahir, as Chief Investment Officer – Fixed Income and Chief Investment Officer - Equity (Malaysia) respectively.

The bank has fared well in sustaining loan growth momentum.

Guess which bank had the heftiest increase of 16%.

Average LDR for banks jumped to 93.5%.

Loan approvals also contracted 5.1% in January 2017.

CASA expanded at a faster rate of 5.8%.

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Thanks to a 2% pickup in loan growth and ongoing NIM expansion.

It took FY16 core earnings to US$420m.

Earnings were lifted by a one-off sale of securities undertaken during the period.

It stood at 1.9% at end-2016.

Total outstanding household loans grew at a slower rate of 5% in 2016.

Business deposits contracted 2.3%.

Household and non-household loans also expanded at a similar rate of 5.3%.

Domestic loan growth was at 7.2%.

One is that there will be a one-off provision charge to retained earnings.