OCBC Al-Amin profit soars to RM172m
Published on: Wednesday, May 04, 2016
Kuala Lumpur: OCBC Al-Amin Bank Bhd's (OCBC Al-Amin) pre-tax profit for the financial year ended Dec 31, 2015 surged 97 per cent to RM172 million from RM87 million in 2014. OCBC Al-Amin Chief Executive Officer Syed Abdull Aziz Syed Kechik said the strong growth in 2015 was largely due to higher financing income from gross financing and advances, which grew eight per cent to RM10.2 billion. "This is supported by an increase in customer deposits which grew two per cent to RM10.2 billion," he said in a statement.
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