It's easy to know if the economy is doing badly. It has nothing to do
with Facebook sharing. The banks should report lower profits or even
losses. In Malaysia, I have not yet read about any bank reporting a
loss thus far. Looking at the top three, Maybank announced that net
profit for its latest quarter grew by 16 percent. Report here. CIMB announced its latest quarter with 27 percent up in net profits. and Public Bank grew their annual net profits by 3 percent. Well,
perhaps only these three are growing while the rest are not? Let's look
at the smaller ones; Affin Bank, MBSB and even Bank Islam. Affix Bank
showed that it had a great quarter recently. Net profits grew 76 percent compared to a year ago. The latest quarter for MBSB compared to a year ago? One year ago, it suffered a loss and this quarter, it has fully reversed that. What about a niche bank called Bank Islam? It's yearly net profit fell by 13.8 percent but is still considered healthy, at RM139 million. In conclusion, the banks whether the biggest few or the smaller ones are generally going okay. Would this trend be continuing?
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