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Our strong performance and growing international stature were undoubtedly
crucial factors in helping us to garner several prestigious international awards in
2013. Of note, the Bank was awarded the ‘Most Watched Bank 2013 in Malaysia’
by InterContinental FinanceMagazine (ICFM) United Kingdom in its Global Banking
Awards 2013. Earlier in the year, HR Asia also named EXIM Bank Malaysia as one
of the Best Company to Work for in Asia 2013. These achievements were not only
feathers in our cap, but also testimonies to well-implemented plans, especially
in elevating the Bank’s presence within the business communities as well as the
importance placed on human capital initiatives.
FINANCIAL PERFORMANCE
In FY2013, the Bank’s total assets stood at RM8.1 billion, recording a healthy
growth of 12 per cent over the previous year. Generally softer economic conditions
notwithstanding, the Bank, in utilising a more targeted approach, had managed to
steer itself towards markets with high demand, allowing us to disburse a total of
RM3.91 billion in net loans and financing against RM3.07 billion in the previous
year. This marked a commendable 27 per cent year-on-year increase.
In line with the Bank’s transformation plan to build a more sustainable growth
trajectory through the reduction of non-performing loans, we are proud to report
another year of declining gross and net impaired assets ratios (exclude ECR) to
15.2 per cent and 8.2 per cent, respectively, against 22.2 per cent and 11.2 per
cent in the previous year. While attributable to some degree to our enlarged
loan asset base, the steady decline in our non-performing loans also bore
testament to a focused and dedicated effort on the part of the Bank to building a
healthy asset base for long-run sustainability.
For the year under review, the Bank once again chalked up an increase in its
operating revenue, rising by 48 per cent from RM185.2 million in FY2012 to
RM273.5 million in FY2013. Likewise, net interest income also marked a 20
per cent increase from the previous year, in sharp contrast to the decline of 13
per cent experienced in the previous year. This points to the Bank’s successful
management of interest and operational expenses during the year in question.
Overall, the Bank recorded a pre-tax profit of RM190.3 million in FY2013, a
commendable increase of 12 per cent from RM169.7 million recorded in the
previous year. This was achieved on the back of an increased contribution from
our Islamic business, higher income from fees, and lower allowances on loans
disbursed during the year on account of asset quality improvements, despite
higher operational costs incurred this year.
Bank’s total assets stood
at RM8.1 billion, recording
a healthy growth
12%
An increase in its operating
revenue, from RM185.2
million in FY2012 to RM273.5
million in FY2013
48%
EXIM Bank Annual Report 2013
017