Recommend Us | About Us | Back to

News | Financial Calculator | Home Financing | Archived News |


  Welcome to Bernama Banking & Finance Special Page     
Bank Muamalat posts RM241.2 mln PBT for FY 2019
Last update: 01/07/2019

KUALA LUMPUR, July 1 (Bernama) --  Bank Muamalat  Malaysia Bhd's (BMMB) profit before tax increased 4.6 per cent to RM241.2 million for the financial year ended March 31, 2019, from RM230.5 million posted in the corresponding period of 2018.

Revenue increased to RM1.33 billion from RM1.21 billion, largely from higher financing income.

"The improved performance was driven by higher financing income of RM903.8 million from the previous financial year’s position of RM886.3 million, which is in line with the expansion of its gross financing base.

"In addition to this, the increase was also fuelled by higher income in investment securities, as well as higher gain recorded in foreign exchange transactions," chief executive officer, Datuk Mohd Redza Shah Abdul Wahid said in a statement.

Total gross financing grew to RM15.5 billion as at end of March 2019, from RM14.9 billion a year ago.

“At the same time, asset quality, as measured by gross impairment ratio, continued to improve from 1.92 per cent recorded in the previous corresponding period to 1.43 per cent,” Mohd Redza said.  

The bank’s capital position remained at a healthy level with Tier I capital ratio and total capital ratio standing at 15.8 per cent and 18.6 per cent, respectively.

“These improvements were the results of our constant effort on prudent recovery, credit risk management initiatives and better quality financing base expansion,” he added.




Islamic Banking institutions urged to provide training to strengthen SME sector
Govt sets up special committee on Islamic Finance

Bank Muamalat's Mohd Arfaizal emerges champion of BNM's elocution contest

LIAM committed to increasing life insurance penetration rate
Govt likely to revise life insurance penetration rate target

LIAM appoints new president for 2019/2020 term

100 Yen3.8550/8581
Source: Bank Negara Malaysia

Reduction in the overnight policy rate (OPR) by Bank Negara Malaysia would be good for consumer spending and investment;
Not sure
  Main | News | Insurance

© 2019 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution