BIMB stays focused on digitalisation

KUALA LUMPUR: Bank Islam Malaysia Bhd (BIMB) is cautious on its outlook for the remainder of the year, given the global uncertainties.

In a filing with Bursa Malaysia yesterday, the bank said it is steadfast in its digitalisation strategies and will be investing towards business growth, as set out in its LEAP25 plan.

Meanwhile, net profit for the second quarter ended June 30, 2022 slipped to RM117.16mil from RM194.33mil, due to lower net income, compounded by higher total overheads and net allowance for impairment on financing and advances.

Revenue fell to RM823.02mil against RM834.34mil previously while basic earnings per share dipped to 5.44 sen from 7.44 sen.