Despite the challenging environment, HNB reaffirmed its financial excellence by recording a Profit before tax (PBT) of Rs 8.3 billion and Profit After Tax (PAT) of Rs 4.8 billion for the first half of 2019.
The group’s profit after tax for the period was Rs. 5.1 billion.
This year’s Balance Sheet showed some sluggishness, but the Bank’s strong business model and visionary assets and liability management enabled the Bank to report strong results from core banking operations.
Net interest income (NII) for the first six months of 2019 was up 17.9% compared to the previous year to RM25.9 billion.
4.4 billion in fees and commissions from various sources, which is 15% of the bank’s total operating income.