posted lower net profit of RM263.82mil in the third quarter ended Dec 31,2020 and RM866.31mil in the nine-month period due to allowance for impairments on loans, advances and financing.
The banking group said in a statement, the 3Q net profit was lower by 31% from the RM382.15mil a year ago due to allowance of impairments totalling RM257.74mil compared with RM67.51mil a year ago.
For the nine-month period, its net profit was down by 20.8% from the RM1.09bil a year ago due to allowance for impairment of RM661.52mil compared with RM127.78mil in the previous corresponding period.