Basic HTML Version
The Directors here by present their report and the audited financial statements of the Group and of the Bank for the financial
year ended 31 December 2013.
PRINCIPAL ACTIVITIES
The Bank is principally engaged in the business of conventional and Islamic banking in the promotion and support of export,
import and investment for the country’s development by granting credit, issuing guarantees and providing other related services.
The Bank is also engaged in the provision of export and domestic credit insurance takaful facilities and trade related guarantees
to Malaysian companies.
The principal activities of the subsidiaries and the jointly controlled equity are as disclosed in Note 13 to the financial statements.
There have been no other significant changes in the nature of the Group’s and Bank’s principal activities during the financial year.
RESULTS
Group
Bank
RM’000
RM’000
Profit for the year
144,717
144,721
There were no material transfers to or from reserves during the financial year other than as disclosed in the financial statements.
In the opinion of the Directors, the results of the operations of the Group and of the Bank during the financial year were not
substantially affected by any item, transaction or event of a material and unusual nature.
DIVIDENDS
Since the end of the previous financial year, the Bank paid a final ordinary dividend of 0.69 sen per ordinary share less tax at 25%
totalling RM13,924,310 (0.51 sen net per ordinary shares) in respect of the year ended 31 December 2012 on 30 May 2013.
At the forth coming Annual General Meeting, a final dividend in respect of the financial year ended 31 December 2013, of
0.80 sen per ordinary share amounting to RM21,708,113 will be proposed for shareholder’s approval. The financial statements
for the current financial year do not reflect this proposed dividend. Such dividend, if approved by the shareholders, will be
accounted for in equity as an appropriation of retained profits in the financial year ending 31 December 2014.
DIRECTORS’
REPORT
090
EXIM Bank Annual Report 2013