Bank Rakyat interim profit before tax and zakat tops RM1b

Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/31brakyat/Article/

Published: July 31, 2012

KUALA LUMPUR: Bank Rakyat's profit before tax and zakat rose to RM1.06 billion for the first half year financial period ended June 30 2012, up 7.7 per cent from RM980 million reported in the same period of last year.

"The better performance for the period as a whole was achieved following the strong growth in financing income in line with the high growth in financing balance as well as the strengthening of asset quality," the bank said in a statement here yesterday.

Its gross income for the period increased by 15.3 per cent to RM3.09 billion from RM2.68 billion in the previous period, while net income after profit distribution to depositors grew by 10.4 per cent to RM1.73 billion compared with RM1.56 billion previously.

The bank's income from financing increased by 11.6 per cent to RM2.45 billion compared with RM2.19 billion in the previous corresponding period of which, or 91.6 per cent came from consumer banking and RM0.21 billion or 8.4 per cent from commercial banking.

Bank Rakyat recorded a fee based income of RM44.9 million in the first half year of 2012.

Income from takaful commissions, wills issuance and ATM service fee contributed about 80.2 per cent of the total fee based income.

Bank Rakyat's total assets grew by 11.9 per cent to RM77.51 billion from RM69.27 billion in the previous corresponding period.

The bank's total deposits increased by 9.7 per cent to RM66.13 billion at the end of June 2012.

Bank Rakyat has 136 branch networks, 42 Ar-Rahnu X'change outlets and more than 600 automated teller machines and credit deposit machines all over the country. Bernama

Untung 6 bulan Bank Rakyat RM1.06 bilion

KUALA LUMPUR - Bank Rakyat terus cemerlang dengan mencatatkan keuntungan sebelum cukai dan zakat yang membanggakan bagi setengah tahun pertama 2012 sebanyak RM1.06 bilion, peningkatan 7.7 peratus atau RM75.8 juta berbanding RM0.98 bilion pada tempoh yang sama tahun lalu.

Source from (Sinar Online): http://www.sinarharian.com.my/bisnes/untung-6-bulan-bank-rakyat-rm1-06-bilion-1.71585
Published: July 31, 2012

Bank Rakyat 

"Prestasi baik bagi setengah tahun pertama 2012 secara keseluruhannya dicapai berikutan pertumbuhan kukuh pendapatan pembiayaan selari dengan pertumbuhan tinggi jumlah baki pembiayaan dan pengukuhan dalam kualiti aset," demikian menurut bank itu dalam satu kenyataan di sini hari ini.

Pendapatan kasarnya meningkat sebanyak 15.3 peratus kepada RM3.09 bilion berbanding RM2.68 bilion pada tempoh yang sama tahun lalu, manakala pendapatan bersih selepas agihan keuntungan kepada pendeposit menambah 10.4 peratus kepada RM1.73 bilion berbanding RM1.56 bilion sebelumnya.

Pendapatan daripada sumber pembiayaan naik 11.6 peratus kepada RM2.45 bilion berbanding RM2.19 bilion pada tempoh yang sama tahun lalu, atau 91.6 peratus disumbangkan oleh perbankan konsumer.

Perbankan komersil menyumbang sebanyak RM0.21 bilion atau 8.4 peratus daripada keseluruhan pendapatan pembiayaan.

Bank Rakyat juga mencatatkan pendapatan berasaskan fi sebanyak RM44.9 juta pada setengah tahun pertama 2012.

Pendapatan komisen Takaful, wasiat dan yuran perkhidmatan ATM menyumbangkan 80.2 peratus daripada keseluruhan pendapatan berasaskan fi.

Menurut kenyataan itu, jumlah aset Bank Rakyat menambah sebanyak 11.9 peratus kepada RM77.51 bilion berbanding RM69.27 bilion pada tempoh yang sama tahun lepas.  

Bank masih mengekalkan pembiayaan konsumer sebagai fokus utama perniagaan yang menyumbang 88.5 peratus daripada keseluruhan pembiayaan Bank Rakyat pada setengah tahun pertama 2012, dengan baki kasar pembiayaan konsumer meningkat 8.8 peratus kepada RM47.04 bilion pada setengah tahun pertama  2012 berbanding RM43.25 bilion pada tempoh yang sama tahun sebelumnya.

Dari segi portfolio pembiayaan, pembiayaan peribadi kekal sebagai penyumbang terbesar iaitu sebanyak 86.0 peratus daripada keseluruhan pembiayaan konsumer.

Jumlah deposit Bank Rakyat menambah 9.7 peratus kepada RM66.13 bilion pada akhir Jun 2012, berbanding RM60.31 bilion pada tempoh yang sama tahun lalu.

Dana pemegang saham naik 34.4 peratus kepada RM9.29 bilion pada akhir Jun 2012 berbanding RM6.91 bilion pada bulan yang sama tahun lalu hasil sumbangan penambahan untung bersih dan penambahan modal syer berbayar.

Bank Rakyat mempunyai melalui 136 rangkaian cawangan, 42 Ar-Rahnu X’change dan lebih 600 ATM serta CDM di seluruh negara. - Bernama

Bank Rakyat's Half Year Profit Soars To RM1.06 Billion

Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=684223

Published: July 31, 2012

KUALA LUMPUR, July 30 (Bernama) -- Bank Rakyat's profit after tax and zakat rose to RM1.06 billion for the first half year financial period ended June 30, 2012, up 7.7 per cent from RM0.98 billion reported in the same period of last year.

"The better performance for the period as a whole was achieved following the strong growth in financing income in line with the high growth in financing balance as well as the strengthening of asset quality," the bank said in a statement here Monday.

Its gross income for the period increased by 15.3 per cent to RM3.09 billion from RM2.68 billion in the previous period, while net income after profit distribution to depositors grew by 10.4 per cent to RM1.73 billion compared to RM1.56 billion previously.

The bank's income from financing increased by 11.6 per cent to RM2.45 billion compared with RM2.19 billion in the previous corresponding period of which, or 91.6 per cent came from consumer banking and RM0.21 billion or 8.4 per cent from commercial banking.

Bank Rakyat also recorded a fee based income of RM44.9 million in the first half year of 2012.

-- BERNAMA

SME Bank reaping benefits of transformation

Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/22SPOT/Article/index_html

Published: July 30, 2012

KUALA LUMPUR: SME Bank Bhd, which is in the midst of a five-year transformation plan, has seen improvements not only in its balance sheets, but also in the way business is done and in service delivery.

Financially, the bank, which was set up about seven years ago to cater to the needs of small and medium enterprises (SMEs), returned to the black last year after two years of losses since 2009.

The bank now, according to managing director Datuk Mohd Radzif Yunus, is undergoing significant changes in terms of its business model, target customers, service delivery and people capability.

If previously most of its funds came from the government, now the bank has a mixed portfolio, where some of the funds are raised in the market. The recently launched RM3 billion government-guaranteed sukuk programme is part of SME Bank's alternative funding mechanism.

Radzif said funding is the main driver to strengthen the bank's business model, which he describes as "anti-cyclical".

"This (anti-cyclical) is the model adopted by most DFIs (development financial institutions) in the world, which is to provide a safety net for the economy when the economy is down and other financial institutions unable to meet companies' financing needs," he said in an interview.

Alternative fund raising is necessary as SME Bank needs to release more financing for the SMEs.

Radzif said the SME sector, which currently contributes 34 per cent to gross domestic product (GDP), utilises between RM120 billion and RM140 billion financing.

To reach the targeted 40 per cent SME contribution to the GDP by 2020, he said the SME sector needs between RM360 billion and RM400 billion in financing.

Meanwhile, SME Bank only contributes four per cent to the SME financing market.

"We are targeting a 10 per cent share to enable us to play a safety net role. To reach the 10 per cent target, the bank needs more funding so that we can channel more financing to the SMEs."

To improve service delivery, Radzif said SME Bank has various engagements with stakeholders such as the finance ministry, the international trade and industry ministry, Bank Negara Malaysia as well as its customers.

Some of the bank's customers have been selected to be in TeraS programme, a scheme under Unit Peneraju Agenda Bumiputera which facilitates high-performing Bumiputera companies with good growth potential to expand and grow beyond local market.

"Forty-one TeraS awardees are our customers, representing about 30 per cent of total TeraS awardees," Radzif said.

On the people side, he said SME Bank has collaborative partners to expose the best practices to its employees.

Agrobank lancar dua pinjaman biayai pesawah

Agrobank melancarkan dua produk pembiayaan baru berlandaskan syariah, Paddy-i dan Paddy Cash-i, khusus untuk pengusaha sawah padi di seluruh negara.

Source from (Berita Harian): http://www.bharian.com.my/bharian/articles/Agrobanklancarduapinjamanbiayaipesawah/Article
Published: July 30, 2012

Paddy-i menawarkan pembiayaan modal pusingan bagi tanaman padi yang lebih tinggi sehingga RM2,500 sehektar menerusi jumlah pembiayaan antara RM1,000 hingga RM50,000 dengan kadar keuntungan lebih rendah iaitu 3.2 peratus semusim atau enam bulan.

Paddy Cash-i pula adalah pembiayaan peribadi untuk pesawah menerusi pembiayaan antara RM3,000 hingga RM50,000 dengan kadar keuntungan 3.1 peratus atas kadar pembiayaan asas untuk tempoh maksimum tujuh tahun atau 14 musim.

Presiden dan Ketua Eksekutifnya, Wan Mohd Fadzmi Wan Othman, berkata kedua-dua produk ini ditawarkan tanpa cagaran atau jaminan, dengan had umur yang dilanjutkan sehingga 70 tahun bagi Paddy-i dan 65 tahun bagi Paddy Cash-i.

“Kami memperuntukkan lebih RM50 juta untuk Paddy-i, manakala dana Paddy Cash-i pula adalah sebahagian daripada RM500 juta yang diperuntukkan di bawah pinjaman peribadi Agrobank tahun ini,” katanya pada majlis pelancaran di Tanjung Karang, baru-baru ini. Majlis disempurnakan Menteri Pertanian dan Industri Asas Tani, Datuk Seri Noh Omar.

MIDF: Dayang to secure RM1.1b contract

KUALA LUMPUR: MIDF Research projects Dayang Enterprise
Holdings Bhd to win at least one contract from the Pan Malaysia HUC works worth around RM1.1 billion, due to the limited number of players with the capabilities to compete.

Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20120726173213/Article/index_html
Published: July 26, 2012

The research house said there were nine jobs in total to be awarded, with RM10 billion in total value.

"With fewer than 20 players who have the capabilities to bid and compete for the tenders, Dayang Enterprise has a 50 per cent chance to bag the award.

"Should the group secure at least one contract, earnings projections could reach around RM45 million a year for the next five years with an estimated blended net margin of 21 per cent," it said in a research note today.

Dayang Enterprise currently has an order book of around RM1.2 billion with a burn rate of up to four years, and with additional job wins of potentially RM1 billion materialising in the foreseeable future, the order book could very well
double, MIDF Research said.

"We project the group's revenue, earnings before interest and tax and net profit to grow at a compounded average growth rate of 20 per cent, 22.7 per cent and 18.8 per cent, respectively, from the 2009 to 2013 financial years," it added.

MIDF Research has placed a fair value of RM2.32 on Dayang Enterprise. -- BERNAMA