Bank Rakyat's Profit For Nine Months Jumps To RM1.62 Billion

KUALA LUMPUR, Oct 29 (Bernama) -- Bank Rakyat recorded a significantly increased profit of RM1.62 billion, before tax and zakat, for the first nine months financial period ended Sept 30, 2012.

Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=705417
Published: October 31, 2012

This was a rise by 8.1 per cent or RM121.8 million compared with the RM1.50 billion seen in the same period of last year.

"This commendable performance was achieved with an increase in income from financing activities and investment which were in tandem with the growth in financing and deposits," the bank said in a statement here Monday.

The bank also recorded a higher net profit of RM1.33 billion for the period compared with RM1.20 billion in the corresponding period of 2011.

Gross income meanwhile rose 15.2 per cent or RM616.4 million to RM4.68 billion in the nine-month period compared with RM4.06 billion previously. The bank's assets during the period rose 10.8 per cent or RM7.74 billion to RM79.50 billion compared with RM71.75 billion in the same period last year.

-- BERNAMA