Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/4/23/business/20120423154637&sec=business%3Cbr%20/%3E
Published: Monday April 23, 2012 MYT 3:31:00 PM
KUALA LUMPUR: Bank Pembangunan Malaysia Bhd's (BPMB) net profit rose 20% for the financial year ended Dec 31, 2011 to RM462mil.
It said on Monday its pre-tax profit rose 23% to RM618mil from RM503mil.
BPMB
said net interest income increased by nearly 3.6% to RM664mil from
RM641mil due to higher income from loans and advances on the back of 6%
gross loan growth.
It said the gross loan growth was largely contributed by loan disbursement to infrastructure projects totaling RM2.9 billion.
"Out
of this, RM2.2 billion was for Government-backed projects, while
RM306.2 million was progress payment under private finance initiative
(PFI) projects favouring the education sub-sector involving construction
of UiTM campuses," BPMB said.
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