This translates into a 44 per cent jump on an annualised basis over RM233.1 million as at end-June 2009, the bank said in a statement.
The bank is reporting its financial performance for the 18-month period following the change in its financial year-end to December to coincide with that of its parent Lembaga Tabung Haji.
Its managing director Datuk Zukri Samat said the bank's record numbers were driven by its strong financing growth, as well as improvement in asset quality and increasing deposits through both current and savings accounts.
During the 18 months under review, total net financing surged by 22.8 per cent (or 15.2 per cent on an annualised basis) to RM11.86 billion vs RM9.66 billion as at end-June 2009. The bank's financing growth mainly came from financing extended to the household sector, which expanded by more than 30 per cent.
Despite the robust growth in the financing portfolio, Zukri said he was particularly pleased with the sharp decline in impaired financing.
"For the financial period ended December 31 2010, the company proposed a dividend of 4.75 per cent, amounting to RM80.7 million."
During the financial period under review, the bank's equity increased by RM540 million, arising from the issuance of the Islamic Convertible Redeemable Non Cumulative Preference Shares (ICRNCPS), which were subsequently converted to ordinary shares. Despite the increase in equity, the Return on Equity remained at 16.5 per cent.
Total customer deposits expanded by RM1.7 billion, or 6.7 per cent, to RM26.9 billion as at December 31 2010 vs RM25.2 billion as at end-June 2009. Current and savings accounts were the major growth drivers for deposits, accounting for more than 95 per cent of the RM1.7 billion increase.
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