HIGHLIGHTS
· Group Profit Before Zakat and Taxation (“PBZT”) was 7.5% lower at RM574.1 million.
· Net Return on Equity (“ROE”) was 12.6%.
· Bank Islam posted RM389.0 million in PBZT.
· Takaful Malaysia’s PBZT was RM211.8 million.
KUALA LUMPUR, Aug 27 (Bernama) — BIMB Holdings Berhad’s (“BHB”) warded off major challenges triggered by the COVID-19 pandemic, posting a Group PBZT of RM574.1 million for the six months ended 30 June 2020 (“1H20”). However, the impact of lower net financing income arising from multiple downward revisions of the Overnight Policy Rate (“OPR”) and the recognition of modification loss due to moratorium exercise in April 2020 has caused the Group PBZT to be RM46.5 million lower than the same period in 2019. Net profit, similarly declined RM35.4 million to RM362.3 million.