BIMB Integrated Annual Report 2019

LETTER TO SHAREHOLDERS Dear Valued Shareholders, The year 2019 has been a very meaningful year for all of us at BIMB Holdings Berhad (“ BHB ” or “the Group ”) as we not only navigated one of the most challenging business environment and operating landscape but made crucial inroads towards greater growth and sustainability. The economy and the business environment will no doubt be ever-changing and challenging as we move forward. But one dominant theme will be Malaysia’s Shared Prosperity Vision 2030 (“ SPV2030 ”) that will focus on creating a high-value, high-technology, and entrepreneurial economy as well as diversifying resources and growth potential. In addition, with the rise of Industry Revolution 4.0, digitalisation and automation, which are developing at an unprecedented pace, Malaysia’s banking and financial services industry are set to completely change. These themes will be even more important now as Malaysia seeks to stabilise and set its course for recovery and growth in the long-term. In the name of Allah, The Most Gracious, The Most Merciful and Salam Sejahtera Opportunities for greater efficiency and competitiveness will emerge, but they also come with a call to stewardship and societal value creation, putting Islamic Finance at the forefront. In times of economic uncertainties and challenges, the tenets of ethical, sustainable and responsible finance practices underscored by Islamic finance is finding greater relevance as a viable and competitive option, evidenced by Islamic banks’ growth outperforming conventional banks with double-digit earnings in 2019. Against this backdrop, we are fully appreciative that to continuously grow, we have to be adaptive and agile to capitalise on opportunities. The Group has charted many significant achievements, with a continuous record-breaking financial performance and a five-year Profit Before Zakat and Tax (“PBZT”) Compound Annual Growth Rate (“CAGR”) of 8.1% . The Group is now on the cusp of a planned move to allow our three subsidiaries – Bank Islam Malaysia Berhad (“ Bank Islam ” or “ the Bank ”), Syarikat Takaful Malaysia Keluarga Berhad (“ Takaful Malaysia ”), and BIMB Securities Sdn. Bhd. (“ BIMB Securities ”) – to come into their own as independent entities. This move is a momentous milestone for our subsidiaries, which have achieved maturity in their respective businesses and are capable and ready to forge their own paths of strength and progress. They are in a position to significantly boost and unlock their respective values for our shareholders. These significant achievements are due in large part to the sound guidance from the Boards and senior Leadership bench who have steered a steadfast course for the Group and the subsidiaries. The Leadership and Management teams of each subsidiary are in a state of readiness with the right balance of skills, knowledge and breadth of experience to independently drive the business moving forward. 49 BIMB HOLDINGS BERHAD 199701008362 (423858-X) Shareholders’ Information Financial Statements Additional Information Disclosure Summary