Highest Profit Ever
Bank Islam Malaysia Berhad (Bank Islam), currently known as only Bank Islam reported its highest profit ever in its 24 year history with a profit before zakat and tax (PBZT) of RM255.49 million for financial year ended 30 June 2007 (FY2007).
The PBZT, achieved on an all time high income of RM1.03 billion, also marks the Bank’s full recovery from last two years’ of losses.
In FY2006, it reported a loss before zakat and tax of RM1.28 billion on an income of RM948.87 million. Based on the FY2007 financial performance, the Bank achieved a return on equity (ROE) of 24.5% and a return on assets (ROA) of 1.5%.
The Bank’s other financial indicators also improved in tandem. Total assets grew 30.9% to RM19.09 billion from RM14.60 billion, its risk-weighted capital ratio improved from -2.84% to 12.69%. (This compares with a minimum capital requirement of 8%). Earnings per share improved to 17.41 sen compared to a loss of 175.24 sen the year before.
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