BIMB Q3 net profit at RM102mil, declares dividend


On the prospects for 2021, BIMB group chief executive officer Mohd Muazzam Mohamed (pic) said in a statement that the Covid-19 pandemic and its resulting challenges continued to feature prominently in all sectors.

PETALING JAYA: Bank Islam Malaysia Bhd’s (BIMB) net profit for the third quarter ended Sept 30, 2021 (Q3FY21) eased 0.6% to RM101.63mil compared with RM102.25mil in the same corresponding period a year earlier.

The banking group, in a filing with Bursa Malaysia, said its revenue for the quarter under review dropped to RM746.22mil from RM876.09mil in the previous year.

However, BIMB’s earnings per share (EPS) rose to 4.08 sen for Q3FY21 from 3.99 sen previously.

An interim dividend of 10.93 sen has been declared by the group.

For the nine months ended Sept 30, 2021, the group’s net profit rose to RM454.67mil from RM387.74mil a year ago, while revenue fell to RM2.35bil from RM2.58bil.

Bank Islam hqBank Islam hq

The EPS also grew to 17.71 sen for the period from 15.34 sen in the same period last year.

Meanwhile, the group’s total assets grew year-on-year by 9.8% to stand at RM76.3bil at the end of Sept 30, 2021. Net assets per share now stood at RM3.13.

Gross financing grew by 3.9% year-on-year to RM56.9bil, while customer deposits and investment accounts stood at RM64.4bil with a year-on-year increase of RM5.5bil or 9.3%.

On the prospects for 2021, BIMB group chief executive officer Mohd Muazzam Mohamed (pic) said in a statement that the Covid-19 pandemic and its resulting challenges continued to feature prominently in all sectors.

“The risks to financial stability have remained relatively well contained.

“In addition, banks have made reasonable pre-emptive allowances in FY2020, and credit risk has been adequately priced in by the market.” he said.

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