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BANKING BUSINESS
Our focus on building sustainable growth through quality asset growth, via a
targeted optimum portfolio mix which helps to identify and acquire the right
blend of borrowers and facility type, continued to yield dividends in FY2013. A
more targeted, selective marketing campaign also saw a movement away from
traditional sectors such as construction, towards new, high-profit sectors such as
manufacturing (including agro-based), property development and export credit
financing to become the largest contributors to the banking portfolio in FY2013.
In the year under review, our Banking section contributed approximately two-
thirds to the Bank’s total net income, marking a 67 per cent share.
On the back of this, the Bank recorded a 35 per cent improvement in our interest
income from non-impaired loans totalling RM149.2 million from RM110.8
million. The Bank also recorded an increase in its trade finance business. A total
of 42 per cent was contributed from the disbursement of trade finance, or total
disbursement amounting to RM1,980 million against RM1,160.1 million in the
previous financial year.
In line with the Bank’s aim to further expand to promote better international
trade, the Trade Services and Financial Institutions Department had established
18 new correspondent banking relationships worldwide. Locally, EXIM has
also expanded to Sarawak with the opening of its East Malaysia Representative
Office (EMRO) in Kuching.
OPERATIONSREVIEW
BYPRESIDENT/CHIEFEXECUTIVEOFFICER
Total loans rose from RM3,151.1
million to RM5,301.5 million.
RM2,150
million
Improvement in our interest
income from non-impaired
loans totalling RM149.2
million from RM110.8 million
35%
018
EXIM Bank Annual Report 2013