BIMB Integrated Annual Report 2019

The Group’s main focus for 2019, as it had been over the last few years, was to strengthen the core businesses and build resilient sustainability for its main subsidiaries Bank Islam Malaysia Berhad (“ Bank Islam ” or “ the Bank ”), Syarikat Takaful Malaysia Keluarga Berhad (“ Takaful Malaysia ”), and BIMB Securities Sdn. Bhd. (“ BIMB Securities ”). The strategy that has been in place and guides the Group and the subsidiaries towards realising growth value are entrenched in our five key PRIORITIES of Responsible Finance, Inclusive Growth, Talent Enrichment, Ethical Practice & Reporting and Islamic Finance & Knowledge-Sharing. These priorities form the framework for our subsidiaries’ strategies in the banking, Takaful and securities sectors. They are anchored on Islamic values of Maqasid Al-Shariah and allow our business operations to become distinct entities that are effective, efficient and profitable to benefit our customers, community, the economy and our country. In 2019, the Group focused on deepening and broadening our offerings and driving operational efficiencies while maintaining capital discipline in order to maximise long-term returns to our shareholders. The Group elevated its stewardship in driving sustainable and socially responsible business practices and increased our investments to upskill our talented workforce. Despite a very challenging macroeconomic and cautious market landscape, the successful execution of our corporate strategy, effective employment of our capital and people, together with the proactive engagement with all stakeholders, contributed to strong business growth and delivered another year of record earnings in 2019. The Group charted an increase of 19.1% in total revenue at RM5.4 billion versus RM4.5 billion in 2018, which was driven by strong earnings, in particular, from its banking and Takaful operations. Net profit rose 15.4% year-on-year to RM786.9 million against RM682.1 million in 2018. Our results demonstrated the resilience and the diversified strengths of our subsidiaries, disciplined cost control, prudent risk management practices and contributions of our talented workforce. Beyond financial performance, the Group and its subsidiaries were acknowledged for its many achievements through various industry recognitions and awards, for which we are appreciative and grateful. Our list of accolades is further elaborated on page 13 of this Integrated Annual Report. +19.1 % to RM5.4 billion versus RM4.5 billion in 2018 year-on-year to RM786.9 million against RM682.1 million in 2018 +15.4 % 44.75 sen Revenue increased Net profit rose Earnings per Share 109 BIMB HOLDINGS BERHAD 199701008362 (423858-X) Shareholders’ Information Financial Statements Additional Information Disclosure Summary