recorded a lower net profit of RM1.4bil in the first quarter ended March 31, 2022, an 8.6% decrease from RM1.53bil in the same quarter last year, mainly owing to the imposition of the one-off prosperity tax introduced by the government for 2022.In 1QFY22, revenue came to RM4.89bil, a 2.84% decrease from the previous corresponding quarter
Total loans approved rose by 14% in the first quarter of 2022, as compared with the corresponding period in 2021. The group's non-interest income however was 10.9% lower y-o-y due to a decline in income from its unit trust and stockbroking business as well as lower investment income from the unfavourable market condition.
The group’s common equity Tier 1 capital ratio, Tier 1 capital ratio and total capital ratio stood at a healthy level of 14.3%, 14.4% and 17.4% respectively, while liquidity coverage ratio remained healthy at 126.2%.
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