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Islamic Finance Briefing - Categorized | Banking, Performance more

Malaysian banks continue to record improvement in profits

Posted on 23 March 2012

Malaysian banks, including Islamic banks, continued to show improvement in profitability last year, Bank Negara Malaysia’s (BNM) latest annual report shows. Pre-tax profits increased by 14.2 per cent to RM26.2 billion. The growth rate was, however, slower than the previous year’s 35.1 per cent.
Return on equity - a measure of how well banks use shareholders’ money to generate more money - rose by 17.4 per cent compared with 16.6 per cent in the previous year………………………………………..Full Article: Source

 
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