KUALA LUMPUR, Nov 25 — Malayan Banking Bhd’s net profit slipped to RM1.68 billion in the third quarter ended Sept 30, 2021, from RM1.95 billion a year earlier amid weaker business operations.
Meanwhile, its investment banking’s profit before taxation and zakat decreased 58.1 per cent to RM72.1 million from RM172.0 million following lower other operating income of RM110.1 million, net allowance for impairment losses on loans, advances, financing and other debts of RM6 million from net writeback of RM1.4 million and lower net interest income and income of RM4.8 million.
Going forward, premised on the improving vaccination rates and reopening of economies, growth is expected to recover going into 2022.
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