Source From (Bernama): http://www.bernama.com.my/bernama/v6/newsbusiness.php?id=661208
April 23, 2012 18:12 PM
KUALA LUMPUR, April 23 (Bernama) -- Bank Pembangunan Malaysia Bhd's
(BPMB) pre-tax profit rose 23 per cent year-on-year (y-o-y) to RM618
million for the financial year ended Dec 31, 2011.
Its net profit increased 20 per cent y-o-y to RM462 million, said BPMB in a statement Monday.
"This was attributable to higher income from loans and advances on the
back of a six per cent gross loan growth, largely contributed by loan
disbursement to infrastructure projects totalling RM2.9 billion," it
said.
Out of this, RM2.2 billion was for Government-backed projects, while
RM306.2 million was progress payment under Private Finance Initiative
projects, it added.
As a group, BPMB said pre-tax profit increased 12.8 per cent to RM619
million despite a seven per cent decrease in net income to RM1.2 billion
in 2011.
-- BERNAMA
No comments:
Post a Comment