The Directors have pleasure in submitting their report and the audited financial statements of the Group and of the Bank for the financial year ended 31 December 2021. PRINCIPAL ACTIVITIES The Bank is principally engaged in Islamic banking business and the provision of related services. The principal activities of the subsidiaries are as stated in Note 13 to the financial statements. There has been no significant change in the nature of these activities during the financial year. The address of the registered office of the Bank is Level 32, Menara Bank Islam, No. 22, Jalan Perak, 50450 Kuala Lumpur. During the current financial year, BIMB Holdings Sdn. Bhd. (formerly known as BIMB Holdings Berhad) (“BHB”), the former holding company of the Bank have undertaken an internal reorganisation as disclosed in Note 46 to the financial statements respectively. SUBSIDIARIES The details of the Bank’s subsidiaries are disclosed in Note 13 to the financial statements. RESULTS Group RM’000 Bank RM’000 Profit before zakat and tax 704,221 710,625 Zakat and tax expense (169,916) (169,478) Profit for the year 534,305 541,147 RESERVES AND PROVISIONS There were no material transfers to or from reserves or provisions during the financial year under review except as disclosed in the financial statements. DIVIDENDS Since the end of the previous financial year, the amount of dividends paid by the Bank were as follows: RM’000 In respect of the financial year ended 31 December 2020 as reported in the Directors’ Report of that year: Final dividend of approximately 5.37 sen per ordinary share paid on 4 June 2021 139,639 In respect of the financial year ended 31 December 2021: Interim dividend of approximately 10.93 sen per ordinary share paid on 20 January 2022^ 226,893 366,532 ^ The dividend is based in number of shares after consolidation as disclosed in Note 46(v)(ii). The Directors do not recommend final dividend to be paid for the financial year ended 31 December 2021. INTEGRATED ANNUAL REPORT 202 1 Key Messages Overview Value Creation MD&A Sustainability Leadership Accountability Financial Additional Information 211 DIRECTORS’ REPORT for the financial year ended 31 December 2021
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