BIMB Hldgs posts higher profit of RM567.6m

BIMB Holdings Bhd registered profit before zakat and taxation (PBZT) of
RM567.6 million for the twelve-month financial period ended Dec 31,
2011, an increase of RM181.1 million or 47 per cent over the previous
corresponding financial period.



The improved earnings were mainly due to higher operating profits
generated by the two major subsidiaries, Bank Islam Malaysia Bhd Group
(Bank Islam) and Syarikat Takaful Malaysia Berhad Group, it said in its
filing to Bursa.



Bank Islam achieved a strong set of results for the financial year
ended Dec 31, 2011 with a PBZT of RM470.1 million, representing a 36.5
per cent or RM125.6 million increase over the corresponding twelve-month
period in 2010.



The improved performance was attributed to the Bank’s robust
financing growth together with the steady growth in lower-cost core
customer deposits.







During the twelve-month financial period ended Dec 31, 2011, Takaful
Malaysia recorded a PBZT of RM101.4 million mainly contributed by the
surplus from Family and General Takaful and wakalah fee income. --
Bernama