IslamicFinance.de

9 months of financial year 2017 core net profit of RM3.415 billion is above our expectations and in line with consensus expectations accounting for 84% and 77% respectively of full-year estimates. This better-than-expected performance was driven by Islamic banking income which grew by 19% year-on-year. Although a slight dip had been expected. The rest was within our expectations with loans at about 7%, cost to income ratio <52%, and credit costs of about 65 basis points.