BIMB PBZT up 5.3 pct to RM461.4 mln for 1H17

KUALA LUMPUR: BIMB Holdings Bhd reported a profit before zakat and taxation (PBZT) for the six months ended June 30, 2017 (1H17) of RM461.4 million, a growth of 5.3 per cent or RM23.2 million compared with the same period a year ago.

It recorded an annualised pretax return on equity (ROE) of 20 per cent and after-tax ROE of 14.2 per cent.

The net profit attributable to shareholders grew by 2.8 per cent, or RM7.8 million, to RM286.8 million during the same period.

In a statement yesterday, chief executive officer, Khairul Kamarudin, said the Islamic financial holding company has embarked on the journey to sustainability based on five pillars – responsible finance, inclusive growth, talent development, Islamic finance and knowledge and ethical practice & reporting – as reported in its 2016 Sustainability Report.

“Committed to Bank Negara Malaysia’s Value-Based Intermediary (VBI) initiative to create value for all stakeholders, Islamic finance, with all its ingrained principles, remains relevant in a world that is increasingly focused on societal and environmental well-being which operates within systems of clear governance.

“Islamic finance is well-positioned to lead inclusive growth that leverages on ecosystem of responsible finance,” he said.

It said Bank Islam would continue to position itself as a VBI that reflects the true essence of Islamic finance, with greater emphasis on environment, social and governance. — Bernama