Page 72 - Bank Muamalat_AR24

70 BANK MUAMALAT MALAYSIA BERHAD

CORPORATE BANKING

Fee-based Income Profit Before Tax Impaired Ratio
(RM Million) (RM Million) (%)

750 700 750
650 650 650
550 550 (124.24) 550
450 (2.93) 450 450
350 350 350
250 250 153.0 250
150 17.3 14.4 150 28.8 150 0.01% 0.00% 0.0
- - -
FY2023 FY2024 Variance FY2023 FY2024 Variance FY2023 FY2024 Variance

Operating Profit It also enhanced its role as a joint-lead manager, successfully engaging existing
(RM Million)
government-linked customers for the Bank’s Sukuk Programme, Visa B2B, and Letter
of Credit Issuance, generating RM4.9 million in revenue from these initiatives.
750
650 CBD’s strategic efforts also extended to aggressive customer acquisition
550 (67.99) and engagement. The division successfully onboarded RM993 million in
450 New-to-Bank (NTB) clients, comprising government-linked companies,
350 government-linked investment companies, and public listed companies
250 147.4 within identified sectors. To foster stronger relationships with both NTB and
150 79.4 Existing-to-Bank (ETB) customers, CBD organised a well-attended Economic
- Outlook forum towards the year-end, which drew over 200 participants and
FY2023 FY2024 Variance reinforced market connections. These integrated strategies ensured that CBD
not only achieved its growth targets but also solidified its market position and
continued to contribute meaningfully to Bank Muamalat’s overall performance.
Financing Approved
(RM Million)
2500 OUTLOOK & STRATEGY
2000 1,428.2 CBD will continue to grow at a sustainable pace in line with the industry

1500 1,298.3 (129.9) average. Tailor-made solutions to customers will be offered as the Bank
1000 continues to expand its client-base by growing NTB with prudent risk profile.
The focus is more on working capital financing portfolio while maturing
500
Term financing are kept replenished. CBD will also further cross sell its
- Business Credit Card and Hire Purchase products to the customers. In line
FY2023 FY2024 Variance with the Bank’s human capital strategy, CBD will also strengthen and equip
staff’s knowledge and skills by continuously training and coaching system.