• Net profit increased 12.5% QoQ from MYR 803.5 million ($168.7 million) to MYR 904.0 million ($189.8 million), driven by higher total income, lower expected credit losses (ECL), and disciplined management of operating expenses.
• Net profit rose 7.5% YoY from MYR 2.3 billion ($483 million) to MYR 2.5 billion ($525 million), on higher net fund-based income, effective cost optimisation and lower ECL.
• Net fund-based income grew 3.8% YoY to MYR 4.5 billion ($945 million).
• Cost growth contained at 2.8% YoY with cost-to-income ratio (CIR) at 46.9%.
• Annualised domestic loans grew 4.8%, outpacing industry’s 4.5%.
• Annualised gross loans expanded 4.3% to MYR 245 billion ($51.5 billion), supported by strong momentum in Group Community Banking, middle market SME and Commercial.
• Gross impaired loans (GIL) ratio contained at 1.50%.
• Annualised CASA grew 11.5% with CASA composition improving to 29.5% from 27.6% in FY2024.
• Annualised customer deposits rose 2.2% to MYR 254 billion ($53.3 billion).
• Islamic financing sustained healthy contribution at 45.6% of total domestic loans, an improvement from 44.6% in FY2024.

RHB Bank Berhad (RHB or the Group) delivered a commendable financial performance for the third quarter of FY2025, recording its highest-ever quarterly net profit of MYR 904.0 million ($189.8 million), up 12.5% QoQ from MYR 803.5 million ($168.7 million). The stronger performance was driven by higher total income, lower ECL, and disciplined management of operating expenses.

For the nine months ended 30 September 2025 (9M FY2025), the Group posted a net profit of MYR 2.5 billion ($525 million), representing a 7.5% YoY increase. This strong performance was primarily driven by higher net fund-based income, effective cost optimisation, disciplined credit cost management, and improved credit quality, underscoring the Group’s solid fundamentals and prudent risk management.

Total income for the 9M FY2025 expanded to MYR 6.4 billion ($1.344 billion), driven by increase in net fund-based income though partially offset by a decline in non-fund based income. The Group sustained prudent cost discipline and maintained capital and liquidity positions, with cost growth contained at 2.8% and a CIR of 46.9%.

Dato’ Mohd Rashid Mohamad, Group Managing Director/Group Chief Executive Officer of RHB Banking Group said, “This milestone quarter underscores the Group’s resilience and ability to deliver sustainable performance despite a challenging operating environment. We continue to see steady momentum across our core segments, supported by strong liquidity, prudent credit management and disciplined cost control. Recently, RHB was honoured as Best E-Payments Bank at the Malaysia Excellence in E-Payments Awards 2025 by PayNet, and received the National Scam Response Centre Vanguard of Vigilance Award. These recognitions underscore our unwavering commitment to protecting customers, safeguarding trust and delivering seamless digital experiences. These accolades reflect not only our strong risk management practices and robust internal controls, but also reinforce the strength of our digital innovation roadmap as we continue to elevate customer experience across all our key touchpoint.”

“Beyond financial results we have made meaningful progress on our sustainability agenda, delivering MYR 56 billion ($11.76 billion) in sustainable financial services, and achieving 62% of our MYR 90 billion ($18.9 billion) target by 2027. We have also surpassed the halfway mark of our MYR 1 billion ($210 million) Sustainable Trade Finance Programme, reinforcing our commitment to responsible growth. Looking ahead, we are well positioned to capture emerging opportunities and advance the priorities under our PROGRESS27 corporate strategy, leveraging customer centric strategies, innovation, and digital capabilities to create long term value for all our stakeholders,” added Dato’ Mohd Rashid.

Strong capital and liquidity position

The Group’s total assets rose to MYR 358 billion ($75.18 billion), supported by healthy balance sheet growth. Shareholders’ equity stood at MYR 34 billion ($7.14 billion), with the CET-1 ratio of 15.2% and TCR of 17.6%, providing solid buffers against external uncertainties and to support future growth aspirations. The Bank’s CET-1 and TCR were 13.9% and 16.6%, respectively.

Loan loss coverage ratio including regulatory reserves improved to 115.8%, reflecting sound provisioning practices.

Domestic loan growth (annualised) stood at 4.8% above the industry’s 4.5%. The Group’s GIL ratio remained contained at 1.50% with the domestic GIL ratio below the industry average, demonstrating sound credit quality.

Outlook: Malaysia’s strengthening investment landscape

Malaysia’s economy is projected to grow by 4.7% in both 2025 and 2026, supported by resilient domestic demand, a rebound in tourism, job creation, and steady investment activity from both private and public sectors. Budget 2026, with a record allocation of MYR 470 billion ($98.7 billion), including contributions from state-linked companies and statutory bodies, underscores the Government’s commitment to inclusive growth and investment-led development.

Strategic national initiatives such as the National Energy Transition Roadmap and the New Industrial Master Plan 2030 are expected to further boost investor confidence. With solid fundamentals and a favourable regional backdrop, Malaysia remains well placed as an attractive investment destination. This outlook provides a supportive environment for the Group to continue executing its strategy under PROGRESS27.

Detailed financial performance

Net fund-based and non-fund-based income

• Net fund-based income grew 3.8% YoY to MYR 4.5 billion ($945 million), supported by 7.9% YoY gross loans growth. Net interest margin (NIM) with liability management stood at 1.87%.
• Non-fund based income declined 5.6% YoY to MYR 2.0 billion ($420 million), on lower net gain on forex and derivatives, and brokerage income.

Operating expenses and ECL

• Operating expenses was contained at 2.8% YoY to MYR 3.0 billion ($630 million), with CIR at 46.9%.
• ECL more than halved YoY from MYR 461.6 million ($96.9 million) to MYR 202.5 million ($42.5 million) due to absence of higher ECL from International Business recorded last year and higher net writeback for securities.

Balance sheet and capital position

• Total assets rose to MYR 358 billion ($75.18 billion) from MYR 350 billion ($73.5 billion) in December 2024. Net assets per share stood at MYR 7.71 ($1.62), and shareholders’ equity stood at MYR 34 billion ($7.14 billion) as of 30 September 2025.
• Capital position remained robust with CET-1 and TCR at 15.2% and 17.6%, respectively.
• Annualised gross loans grew 4.3% to MYR 245 billion ($51.5 billion), led by 6.8%, 7.0% and 12.9% growth in the Group Community Banking, middle market SME and Commercial segments, respectively. Domestic loans growth at 4.8%, exceeded industry average of 4.5%.
• GIL increased marginally to MYR 3.7 billion ($777 million). GIL ratio was 1.50%, from 1.47% (MYR 3.5 billion) in December 2024. Domestic GIL ratio at 1.24% (December 2024: 1.19%), remained below industry’s average of 1.41% (December 2024: 1.44%).
• Loan loss coverage ratio, including regulatory reserves improved to 115.8% (76.3% without regulatory reserves).
• Annualised customer deposits grew 2.2% to MYR 254 billion ($53.3 billion) with CASA expanding 11.5% to MYR 75 billion ($15.75 billion). CASA ratio improved to 29.5% (December 2024: 27.6%). Liquidity coverage ratio (LCR) remained sound at 137.1%.
• Multi-Currency Accounts (MCA) balances climbed 14.5% (annualised) to MYR 9.6 billion ($2.02 billion). MySiswa ecosystem deposits grew 8.3% to MYR 4.5 billion ($945 million), while CASA within the ecosystem grew more than 100% to MYR 790 million ($165.9 million).

Earnings in the third quarter of FY2025 against the third quarter of FY2024

• Net profit for the third quarter of FY2025 grew 8.5% YoY from MYR 833.2 million ($174.97 million) to MYR 904.0 million ($189.8 million), attributed to higher total income and lower ECL.

Business segment performance

Group Community Banking

• Pre-tax profit: MYR 770.9 million ($161.9 million) (YoY: –11.2%).
• Gross loans (annualised): MYR 128 billion ($26.88 billion) (+6.8%).
• Deposits (annualised): MYR 94 billion ($19.74 billion) (+7.3%).

Group Corporate and Business Banking

• Pre-tax profit: MYR 1,285.7 million ($270 million) (YoY: +12.7%).
• Gross loans (annualised): MYR 80 billion ($16.8 billion) (+1.7%).
• Deposits (annualised): MYR 91 billion ($19.11 billion) (+1.4%).

Group Wholesale Banking

• Pre-tax profit: MYR 1,117.0 million ($234.6 million) (YoY: +0.3%).
• Gross loans (annualised): MYR 2 billion ($420 million) (+4.7%).
• Deposits: MYR 32 billion ($6.72 billion).

Group International Business

• Pre-tax profit: MYR 268.5 million ($56.4 million) (YoY: >100%).
• Gross loans (annualised): MYR 34 billion ($7.14 billion) (+1.3%).
• Deposits (annualised): MYR 37 billion ($7.77 billion) (+1.0%), boosted by CASA (+32.9%).

Group Shariah Business

• Pre-tax profit: MYR 728.8 million ($152.9 million) (YoY: –5.8%).
• Gross financing (annualised): MYR 96 billion ($20.16 billion) (+8.0%).
• Islamic business contribution to the Group’s total domestic gross loans improved to 45.6%.

Group Insurance

• Pre-tax profit: MYR 71.2 million ($14.95 million) (YoY: +29.3%).

Re-disseminated by The Asian Banker