MBSB's Q2 Profit Drops 35% To RM54 Million
MBSB's Q2 Profit Drops 35% To RM54 Million
Pre-provisioning operating profit (PPOP) for the quarter saw a significant increase as compared to the previous quarter, rising by 28.5% to RM194 million, propelled by robust financing growth, a targeted focus on better-yielding financing assets and effective cost controls.MBSB reported its second quarter earnigns with revenue increasing higher at RM960 million compared to the previous year's quarter of RM711 million. Net profit however was subdued at RM54 million versus RM83 million the bank registered in the preceding years's quarter.
MBSb報告了第二季度的財務報告，營業收入比去年同期的71100萬馬幣增長了更高的96000萬馬幣。然而，淨利潤爲5400萬馬幣，低於前一年同期的8300萬馬幣。
Net Operating Income increased by 19.5% from RM365 million in 1Q 2024 to RM436 million in 2Q 2024, driven by: Non-Funded Income also grew strongly by 14.6% fuelled by MIDF's contributions and market-related businesses. The growth stemd from its ongoing journey in diversifying revenue streams, as it continues to build and strengthen this aspect of business. Increase in Net Funded Income by 20.1% from RM324 million in 1Q 2024 to RM389 million in 2Q 2024, was supported by the expansion of our financing portfolio, coupled with improved margins.
淨營業收入從2024年1季度的36500萬馬幣增加了19.5%，達到2024年2季度的43600萬馬幣，推動力來自MIDF的貢獻和與市場相關的業務。非資金收入也以14.6%的強勁增長，這源於MBSb不斷多樣化收入來源的努力和加強這一業務方面。淨資金收入從2024年1季度的32400萬馬幣增加了20.1%，達到2024年2季度的38900萬馬幣，這得益於我們的融資組合擴展和利潤率的改善。
MBSB saw its net profit margin increase by 42 basis points to 2.6% this quarter, as the bank continued to focus on improving financing assets and funding costs, as part of ongoing efforts to optimise balance sheet. The cost-to-income ratio (CIR) improved, declining to 56.9% this quarter from 58.7% last quarter, as revenue growth significantly outpaced operating expenses. This it said was achieved even after accounting for one-off losses, highlighting better operational efficiency and strategic cost management.
MBSb本季度淨利潤率提高了42個點子，達到2.6%，這是因爲該銀行繼續專注於改善融資資產和融資成本，作爲優化資產負債表的持續努力的一部分。成本收入比（CIR）改善，本季度下降到56.9%，而上季度爲58.7%，因爲營業收入增長明顯超過營業費用。據稱，即使考慮到一次性損失，也實現了更好的運營效率和戰略成本管理。
Pre-provisioning operating profit (PPOP) for the quarter saw a significant increase as compared to the previous quarter, rising by 28.5% to RM194 million, propelled by robust financing growth, a targeted focus on better-yielding financing assets and effective cost controls.
本季度的撥備前營業利潤（PPOP）與上季度相比顯着增長，增長了28.5%達到19400萬馬幣，這是由於融資增長強勁，重點關注收益率更高的融資資產和有效控制成本。
Gross financing grew by 4% year-to-date, driven by Corporate Banking and Commercial Banking at 8.5% and 17.4% respectively. Gross impaired financing (GIF) ratio also improved, narrowing by 10 basis points to 7.0% from 7.1% last quarter. .
MBSB said it remains committed to customer-centric strategies and key growth areas, with a continued focus on enhancing asset quality and liquidity
截至目前，總融資增長了4%，公司銀行和商業銀行分別增長了8.5%和17.4%。總逾期融資（GIF）比率也有所改善，從上一季度的7.1%下降了10個點子至7.0%。
MBSb表示將繼續致力於以客戶爲中心的戰略和關鍵增長領域，繼續專注於增強資產質量和流動性。
譯文內容由第三人軟體翻譯。