Page 86 - Bank-Muamalat-AR2020

84 BANK MUAMALAT MALAYSIA BERHAD About Us Our Leadership Our Strategy
About Us
ANNUAL REPORT FY2020

ECONOMIC

SDG 8.1

Sustaining per capita economic growth in
accordance with national circumstances

SDG 16.5

Substantially reducing corruption and bribery in
all their forms

ECONOMIC PERFORMANCE

FY2020 was a difficult year due to COVID-19, which
resulted in significant economic slowdown as markets
went into lockdown globally. Bank Muamalat’s economic
values generated, retained and distributed by the Company
for the year ended 31 December 2020 are as follows:

ECONOMIC ECONOMIC
VALUE VALUE
GENERATED DISTRIBUTED
RM RM
1.2 916.0
Billion Million

ECONOMIC
VALUE
RETAINED
RM
255.4
Million

Notes:
(a) Refers to the revenues and other income generated by the
Bank
(b) Refers to operating costs, employee wages and payments to
providers of capital
(c) Refers to Economic Value Generated minus Economic Value
Distributed

Further details of our financial performance can be found under the
Financial Statement section on pages 169 to 181.