FINANCIAL REPORT ANALYSIS ON HSBC AMANAH MALAYSIA BERHAD13 November 2019 Azahari
HSBC Amanah Malaysia Berhad (HSBC Amanah) is a foreign-owned bank, licensed under the Malaysian Banking and Financial Institution Act 1989 and Islamic Banking Act 1983 commenced it business operations effective 24 August 2008. After more than three (3) years in operations, the bank posted a profit before tax and zakat of RM97.7097 million for the twelve (12) month financial period ended 31 December 2011, an increase of 55% as compared to RM 63.278 million recorded for the twelve (12) month financial period ended 31 December 2010. Total income closed at RM545.220 million, comprising RM455.721 million incomes derived from investment of depositors’ funds and RM89.499 million incomes derived from investment of shareholder’s funds i.e. a composition of 84% and 16% of the total income respectively. Income attributable to depositors is recorded at RM159.492 million as at 31 December 2011.