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MARKET • 29/05/2026 02:20 PM

RHB Bank 1Q Net Profit Up 14.2 Pct To RM856.75 Mln

KUALA LUMPUR, May 29 (Bernama) -- RHB Bank's net profit increased 14.2 per cent to RM856.75 million in the first quarter ended March 31, 2026 (1Q 2026) from RM750.03 million a year ago, supported by higher non-fund-based income, net funding income and lower allowances for credit losses.

Revenue slipped to RM4.26 billion from RM4.38 billion previously, it said in a Bursa Malaysia filing today.

Net fund-based income grew 4.6 per cent year-on-year (y-o-y) to RM1.6 billion, supported by 6.2 per cent y-o-y gross loans growth and lower funding cost. 

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Non-fund-based income grew 14.1 per cent y-o-y to RM600 million, on higher fee income, and net trading and investment income.

Total income was RM2.2 billion, contributed by both net fund-based and non-fund-based income streams. 

RHB Bank maintained its prudent cost discipline with a cost-to-income ratio (CIR) of 46.2 per cent while sustaining healthy capital and liquidity positions.

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Its total assets were RM365 billion, supported by strong balance sheet growth.

Meanwhile, shareholders’ equity amounted to RM33 billion, with the common equity tier-1 (CET-1) ratio and total capital ratio (TCR) at 14.7 per cent and 17.1 per cent, respectively, providing solid buffers against external uncertainties and supporting future growth. 

RHB Banking Group managing director/group chief executive officer Datuk Mohd Rashid Mohamad said in a statement that the operating environment continues to be shaped by global uncertainties, including geopolitical tensions, evolving trade dynamics and cautious market sentiment.

"Against this backdrop, we remain committed to supporting our customers while maintaining prudent financial discipline. We recognise that many businesses, particularly small and medium enterprises (SMEs), continue to navigate cost pressures and external uncertainties. 

"We are supporting SMEs through targeted measures, including access to financing under Bank Negara Malaysia’s SME Stabilisation Relief Facility, supported by guaranteed schemes to enhance funding accessibility," he said.

The group remains focused on executing its strategic priorities, with emphasis on sustaining growth, while maintaining prudent risk management, strengthening resilience and supporting customers through evolving market conditions.

-- BERNAMA 


 

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