Page 277 - Full Book_24.4.2021

NOTES TO THE
FINANCIAL STATEMENTS in retrospect

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for the financial year ended 31 december 2020 (continUed)
the Will to Suceed

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46 RELATED PARTY TRANSACTIONS (CONTINUED)
(b) the significant outstanding balances of the Group and the company with related parties, are as follows: (continued)
Group net balance Company net balance achieving a leading repute
outstanding as at outstanding as at
2020 2019 2020 2019
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RM’000 RM’000 RM’000 RM’000
Co-operative society in which
the employees have interest
Amount due from Paving the Way for a Sustainable future
financing, advances and others 62,568 64,812 – –
Amount due to
deposits from customers 119 817 – –
investment account of customers 569 – – –
income payable to depositors 1 1 – –
income payable to investment account holders 4 – – –
271
Significant other related companies of the Group are as below:
Related parties Relationship

express rail link Sdn. bhd. associate company of holding company
th Plantation Group Subsidiary company of holding company
th Properties Group Subsidiary company of holding company
47 CREDIT TRANSACTIONS AND EXPOSURES wITH CONNECTED PARTIES adhering to the best Governance Practices

Bank Islam Malaysia Berhad 2020 2019
RM’000 RM’000

outstanding credit exposures with connected parties 2,411,078 1,597,633 |
Percentage of outstanding credit exposures to connected parties
as a proportion of total credit exposures 3.73% 3.18%
Percentage of outstanding credit exposures with connected parties
which is non-performing or in default 0.000% 0.000% Laying the Foundation for Financial Growth
the above disclosure on credit transaction and exposures with connected Parties is presented in accordance with Para 9.1 of
bank negara malaysia’s revised Guidelines on credit transaction and exposures with connected Parties.

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additional information & disclosure Summary

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24 th aGm information