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Saturday, 8 September 2012

Malaysia: Bank Muamalat Q1 profit up 42%

KUALA LUMPUR: Bank Muamalat Malaysia Bhd’s net profit for the first quarter ended June 30 surged 41.6% to RM45.2mil compared with a year ago, underpinned by a 14.5% rise in revenue, which increased to RM255.6mil.
Financing income rose 18.1% to RM148.3 mil due to increased financing growth while fee and other income delivered a 55.8% jump with major increases registered in wealth management, trade and financing related activities, apart from some capital gains from sale of securities registered during the quarter.
In respect of capital adequacy, the bank’s key capital ratios remains higher than the industry level, with core capital ratio and risk weighted capital ratio standing at 13.6% and 18.9% respectively, well above the minimum regulatory requirement.
(The Star Online / 07 Sept 2012)

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