RHB Bank Bhd, which saw a 24% drop in its net profit for its fourth quarter ended Dec 31, 2023 (4Q23), is eyeing Singapore for loan growth for next year.
"The mortgage, auto finance, SME and Singapore remain as the primary drivers for loan growth for 2024," RHB group MD/CEO Mohd Rashid Mohamad told a media briefing yesterday.
The nation's fourth largest banking group by asset size posted a net profit of RM585.9 million for the 4Q23 on a turnover of RM4.399 billion, up 12% from the year before.
For the full year, its net profit was up 5% year-on-year to RM2.806 billion on turnover of RM16.581 billion, up 26% from FY22.
The net profit was up mainly due to higher non-fund based income and lower expected credit losses (ECL).
In its exchange filing, RHB said its gross loans and financing grew 4.8% year-on-year (yoy) to RM222.4 billion, mainly supported by Singapore and group community banking growth.
Its gross impaired loans was RM3.9 billion as of December 2023, with a gross impaired loans ratio of 1.74%, compared with RM3.3 billion and 1.55%, respectively, a year ago.
RHB said that its group international business encountered challenges due to slower-than- expected recovery in certain Asean countries. Despite the uncertainties, it said Singapore continued to record a pre-tax profit of S$50.5 million.
It added that gross loans and financing grew 14.3% yoy to RM32.3 billion, while deposits increased 33.4% yoy to RM37.3 billion, attributed to 17.5% and 36.9% growth in Singapore, respectively.
Aside from Malaysia and Singapore, RHB has a presence in Indonesia, Thailand, Brunei, Cambodia, Vietnam and Lao PDR.
RHB has declared a second interim dividend of 25 sen per share, consisting of a cash payout of 15 sen per share and an electable portion under a dividend reinvestment plan of 10 sen per share.
Together with the first interim dividend, the full-year dividend amounts to 40 sen per share, equivalent to a payout ratio of 61.1% and a dividend yield of 7.3% for FY23.
RHB Bank Bhd截至2023年12月31日的第四季度(23年第四季度)的淨利潤下降了24%,該公司正在關注新加坡明年的貸款增長。
“抵押貸款、汽車金融、中小企業和新加坡仍然是2024年貸款增長的主要驅動力,” RHB集團總經理/首席執行官莫哈德·拉希德·穆罕默德昨天在媒體發佈會上說。
按資產規模計算,美國第四大銀行集團公佈的23年第四季度淨利潤爲5.859億令吉,營業額爲43.99億令吉,同比增長12%。
全年其淨利潤同比增長5%,至28.06億令吉,營業額爲165.81億令吉,較22財年增長26%。
淨利潤的增長主要是由於非基金收入的增加和預期信貸損失(ECL)的減少。
RHB在交易所文件中表示,其貸款和融資總額同比增長4.8%,達到2224億令吉,這主要是受新加坡和集團社區銀行增長的支持。
截至2023年12月,其減值貸款總額爲39億令吉,總減值貸款比率爲1.74%,而去年同期分別爲33億令吉和1.55%。
RHB表示,由於某些東盟國家的復甦速度低於預期,其集團國際業務遇到了挑戰。該公司表示,儘管存在不確定性,但新加坡繼續錄得5,050萬新元的稅前利潤。
它補充說,貸款和融資總額同比增長14.3%,達到323億令吉,而存款同比增長33.4%,至373億令吉,這要歸因於新加坡分別增長17.5%和36.9%。
除馬來西亞和新加坡外,RHB還在印度尼西亞、泰國、文萊、柬埔寨、越南和老撾人民民主共和國開展業務。
RHB已宣佈第二次中期股息爲每股25先令,包括每股15仙的現金派息和每股10仙的股息再投資計劃下的可選部分。
加上第一次中期股息,全年股息爲每股40先令,相當於23財年的派息率爲61.1%,股息收益率爲7.3%。