13.12.2012 - Strong demand for Islamic banking underpins growth at HSBC Bank Malaysia Berhad
Pre-tax profit at HSBC Bank Malaysia Berhad for the nine months ending September 30th was 18.6 per cent higher than in the corresponding period last year. Profit before tax for the period rose to MYR 1,193m [Malaysia Ringgit] (242.27m), MYR 187m (37.98m) more than in the same period in 2011. Operating income grew to MYR 2,267m (460.45), an increase of 9% compared to the corresponding nine months in 2011. This was mainly due to higher income from Islamic banking operations of MYR425m (86.30) and increase in net interest income...............................................Full Article: Source
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