Kuala lumpur: RHB Bank Bhd registered a higher net profit of RM803.50 million for the second quarter ended June 30, 2025, marking an increase of 11.2 percent compared to RM722.31 million in the same period last year. Revenue climbed to RM4.50 billion in the reported quarter from RM4.42 billion previously, as stated in a filing with Bursa Malaysia.
According to BERNAMA News Agency, for the first half of 2025, the group's net profit rose by seven percent to RM1.55 billion from RM1.45 billion, while revenue slightly increased to RM8.89 billion from RM8.82 billion in the previous year. Group managing director and CEO, Datuk Mohd Rashid Mohamad, highlighted that the first half of 2025 was characterized by global uncertainties and industry challenges. Despite these factors, RHB demonstrated resilience, showing growth, reduced expected credit losses, and effective cost management.
The bank attributed its year-on-year improvement primarily to a decrease in credit loss allowances and an increase in net funding income, despite facing challenges such as higher operating expenses, increased tax expenses, and a greater share of losses in associates. Net fund-based income rose by 5.3 percent to RM2.99 billion year-on-year, bolstered by a 5.9 percent growth in gross loans and financing.
The group's total assets increased by 1.1 percent from December 2024, reaching RM353.6 billion as of June 30, 2025. Net assets per share stood at RM7.66, with shareholders' equity at RM33.4 billion. Gross loans and financing grew by 5.9 percent year-on-year to RM241.4 billion, driven mainly by mortgage, corporate, commercial, and auto finance sectors.
Customer deposits saw a 4.4 percent year-on-year increase to RM250.9 billion, fueled by growth in money market time deposits (16.2 percent), current account and savings account (CASA) balances (5.1 percent), and fixed deposits (1.8 percent). The CASA composition was recorded at 28.3 percent as of June 30, 2025.
Looking ahead, RHB remains cautiously optimistic for the rest of the year. The group is committed to executing its PROGRESS27 three-year strategic roadmap, aiming to excel in service, achieve high profitability, and establish itself as a responsible and purposeful bank.