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We are proud that our commitment to excellence was
recognised at international platform. EXIM Bank was
awarded “Most Watched Bank in Malaysia 2013” by
InterContinental Finance Magazine (ICFM) United
Kingdom in its Global Banking Awards 2013, while
HR Asia also named EXIM Bank as “Malaysia’s Best
Company to Work for in Asia 2013”. These accolades
represented significant milestones for us and will
undoubtedly spur us on to achieve greater things in
future. Overall, 2013 has indeed been an exciting and
challenging year of acceleration and expansion for
the Bank amidst a backdrop of uncertainties, we are
therefore pleased to share these highlights with you.
FINANCIAL AND BUSINESS HIGHLIGHTS
For the year ending 2013, the Bank proudly declared
a net profit of RM144.7 million, which was a healthy
16.9 per cent improvement from the RM123.8 million
recorded in FY2012. With better profitability, Return
on Equity (ROE) also recorded a slight improvement,
at 4.9 per cent in FY2013 compared to 4.4 per cent
the previous year. EXIM Bank’s total assets remained
healthy, climbing from RM7.3 billion to RM8.1 billion
arising from proactive and targeted marketing efforts.
The Bank’s gross loan assets recorded a 59 per cent
year-on-year improvement at RM2.2 billion. The Bank
also continued to improve its asset quality as evidenced
from the declining trend of gross and net impaired
assets, at 14.2 per cent and 7.7 per cent, respectively.
Islamic banking proved a real winner for the Bank
in FY2013, as the share of Islamic banking assets at
RM1.5 billion recorded an impressive 189 per cent
increase from the previous years’ RM524 million.
It is also noteworthy to highlight here the achievement
of EXIM Bank in reaffirming the sovereign equivalent
ratings from Moody’s Investor Services (Long-term
Foreign Currency Issuer Rating/Outlook: A3/Stable)
and Fitch Ratings (Foreign Long-term Issuer Default
Rating: A-). This has enabled the Bank to establish a
USD1 billion Multicurrency Sukuk Issuance Programme,
which was the world’s first U.S. dollar-denominated
Islamic “sukuk” bond issue by an export-import bank.
The Bank had issued a USD300 million, 5-year sukuk,
of which attracted USD3.2 billion of investor orders,
an oversubscription by 10 times. This is to support
our expansion of Islamic banking portfolio and
represents a key milestone for the Bank and Malaysia
towards achieving the objective of becoming a
global Islamic finance hub.
16.9%
INCREASE IN
NETPROFIT
RM144.7MILLION
59%
GROSSLOANASSETS
RM2.2BILLION
189%
INCREASE IN ISLAMIC
BANKINGASSET
RM1.5BILLION
EXIM Bank Annual Report 2013
011