KUALA LUMPUR: RHB Banking Group has paid 40 sen dividend per share for financial year 2022 (FY22), translating into payout ratio of 62.5 per cent or a dividend yield of 6.9 per cent.
The group recently declared a second interim dividend of 25 sen per share, consisting of cash payout of 20 sen per share and an electable portion under the dividend reinvestment plan of five sen per share.
Earlier, RHB declared its first interim dividend of 15 sen per share.
For the year ended Dec 31 2022, the group achieved record net profit of RM2.71 billion, a 3.4 per cent growth from the previous year.
Chairman Tan Sri Ahmad Badri said FY22 was a year of recovery for most economies.
"The group had stayed on course in delivering value to its shareholders, customers, employees and all other stakeholders, demonstrating resilience and delivering a commendable performance," he said in a statement issued after RHB's 57th annual general meeting today.
He said RHB's growth momentum and fundamentals remained strong as reflected by credit rating upgrades.
RHB was upgraded to AA1 by RAM Ratings, as well as achieving a baseline credit assessment upgrade to Baa1 by Moody's Investor Services.
Ahmad Badri said the successful launch of RHB's Together We Progress 24 strategy had reinforced the group's focus on achieving quality growth and driving service excellence across all its delivery channels, supported by its robust digital propositions.
"RHB had continuously put in place various initiatives towards creating even greater customer experience and this had positively impacted our Net Promoter Score, achieving third highest in Malaysian banking industry with a score of +12.
"We have also intensified our efforts in accelerating the adoption of sustainable practices among our customers, employees and other key stakeholders," he added.
As at December 2022, RHB achieved more than RM12 billion in sustainable financial services, which exceeded its 2022 target by more than 40 per cent.