Page 59 - Bank-Muamalat-AR2020

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Our Performance Sustainability Statement Our Governance Our Numbers Other Information
Governance

Ar-Rahnu Income (RM Million) referrals from branches. In addition, SME FINANCING
the Division employed bulk sign up
%
+ 93 growth by Army personnel as a key strategy Small and Medium Enterprises
to induce take-up of the scheme. As a (“SME”) Financing
6.7 10.6 13.6 14.0 13.3 25.6 result, total ASB assets stood at RM1.1
billion, a 4% increase y-o-y from the FOR FY2020,
previous corresponding period. SME FINANCING
REPRESENTED 1% OR
RM159.1 MILLION
Based on the downward trend of OF CONSUMER BANKING’S
dividend payout over the past years, TOTAL FINANCING ASSETS.
the Division foresees a change in
customers’ demand for investment
in ASNB products. ASNB on the The Bank’s SME Banking segment,
FY15/16 FY16/17 FY17/18 FY18/19 FY2019 FY2020
other hand is expecting agent banks previously under Business Banking
to offer competitive financing rates Division, is now under the purview
Performance Review
to customers in view of the lower of Consumer Banking Division
Ar-Rahnu’s recorded revenue of dividends declared. The challenge starting May 2020, and is expected to
RM25.6 million supported by financing would be to convince the public that play a significant role in supporting
assets amounting to RM304.5 million, investment in ASNB products through the objectives of the national
which represented 3% of the Bank’s total financing is still worthwhile. As long entrepreneurship agenda towards
assets in FY2020. Ar-Rahnu achieved a as the returns are above deposit rates, enabling SMEs in contributing 50% to
total disbursement of RM571.2 million the Division remains optimistic that the the GDP by the year 2030. The Bank’s
with the highest monthly disbursement challenges can be overcome. SME portfolio was established with
of RM75.9 million in August 2020. RM39.4 million in 2019 and grew to
RM159.1 million in FY2020.
The Bank’s SME
Amanah Saham Bumiputra (“ASB”)
Financing Banking segment, C u r r e ntl y, S M E s a n d M i c r o
previously under Enterprises employ some two-thirds
FOR FY2020, Business Banking of the country’s total workforce and
ASB FINANCING Division, is now under contribute to 40% of the economy. In
REPRESENTED 9% OR order to build resilience in this crucial
RM1.1 BILLION the purview of Consumer sector during the economic slowdown,
OF CONSUMER BANKING’S Banking Division starting the Malaysian Government had issued
TOTAL FINANCING ASSETS. May 2020, and is expected stimulus packages worth USD64
to play a significant billion, with bulk of the incentives
role in supporting the aimed at helping SMEs in managing
The Bank’s Amanah Saham Nasional their cashflows, retain employees and
Berhad (“ASNB”) business continued objectives of the national gain access to financing. SME Financing
to grow in FY2020, despite the entrepreneurship agenda supported this national agenda with
reduction in quota from RM350 million towards enabling SMEs the introduction of Working Capital
to RM100 million by Permodalan in contributing 50% to Guarantee Scheme (“WCGS”), which
Nasional Berhad (“PNB”). In order to the GDP by the year is guaranteed by Syarikat Jaminan
get additional ASB quota, the Division 2030. The Bank’s SME Pembiayaan Perniagaan (“SJPP”) for
needed to meet the sales target of financing up to RM1.0 million, with up
ASNB Variable funds as per ASNB portfolio was established to 80% coverage for SME and 90% for
requirement. Marketing efforts were with RM39.4 million in Micro Enterprises. The Bank’s branches
intensified through public roadshows, 2019 and grew to RM159.1 also marketed the special rates offered
direct sales, corporate presentations and million in FY2020. to SMEs and Micro Enterprises
through the BNM’s PENJANA Tourism
Financing Programme whereby the