OUTLOOK AND STRATEGIC PLANS FOR 2021 As the economy resumes its growth trajectory, we will not be returning to business as usual. The operating environment has changed, and Commercial is evolving to stay ahead of the changes. On the operational front, much of our current focus is on leveraging on digitalisation. This will involve strengthening our digital backbone to improve operational efficiency; employing data monetisation strategies; and developing advanced digital assets to betterserve our clients. On the business front, our key objective in 2022 will be to grow sustainable assets in our financing book by targeting the following segments: • Green Financing: Focus on increasing Green Financing and the financing of ESG-aligned sectors, such as renewable energy, and socially and environmentally responsible businesses. • P roperty Development: Our focus will be on financing affordable home developments in strategic areas, undertaken by reputable developers. • G overnment Public Projects: Financing the capital requirements of private sector corporates that have been awarded development contracts by the government and government-linked companies (GLCs). • O il and Gas: Continue collaborating with Petronas by offering financing and assistance to their vendors. To date, we have approved a total of RM411.8 million to 100 vendors under the Petronas Vendor Financing Program. We aim to remain the preferred bankers of Petronas’ vendors. • T elecommunications: Increase our exposure in ICT above the RM44 million achieved by the end of 2021 by focusing on the Capex requirements of telcos, in order to support the National Digitalisation Agenda. • H ealthcare: Providing financing for capex, as well as offering supply chain financing, in the wider ecosystem that supports the healthcare system. This includes the hospital, pharmaceut ical and medical devices industries. COMMERCIAL BANKING FINANCIAL HIGHLIGHTS Income from trade fee based products: RM14.9 million Income from bancatakaful products: RM1.15 million Green Financing approved: RM31.8 million (5 projects) Financing of affordable home projects approved: RM138.9 million (5 projects) Financing of Infrastructure & Public Facility projects approved: RM111.9 million (8 projects) Structured Financing approved: RM284.6 million (46 contracts/projects) 19’ 20’ 21’ 6.56 7.00 7.14 Asset Growth (RM Billion) 19’ 20’ 21’ 2.7 2.3 1.99 Asset Quality Position (%) 19’ 20’ 21’ 394 332.9 306.7 Income Growth (RM Million) BANK I SLAM MALAYS IA BERHAD 92
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