Message to the Shareholders
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“Who We Are”.2020. RHB Group.
https://www.rhbgroup.com/others/about-us/index.html
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ibid.
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... [Show More] by lily wilson ([email protected])
lOMoARcPSD|3319384
The chairman of RHB Bank Berhad, Tan Sri Azlan Zainol has released a
statement of the company’s performance in 2019, claiming that it has been a
“good year” as RHB Bank continues to meet their objectives and improve their
position in the market.
RHB Bank has faced a moderate growth in the country’s banking industry,
largely due to lower demand of loans from companies across most sectors. It
was affected by the slower rate of global growth and trading uncertainties
caused by the tension between the US and China. Though the Malaysian
economy is backed by private organisations, companies are still being
affected as the increasing uncertainty of the global trade environment as well
as lower government spending, the country’s GDP has seen a decline from
the previous year, dropping to 4.3 percent from 4.7 percent in 2018.4
The sustainability initiative which was started in 2018 has continued to
improve in 2019, where they have integrated institutional business practices
with their business and operation, aligned with the company’s Sustainability
Framework. The framework consists of three pillars which are Sustainable
and Responsible Banking, Empowering Communities and Embedding Good
Practices. This ensures that the company responds to the change of
shareholders’ expectations while applying it to their business practices in the
context of Environmental, Social and Governance (ESG).5
Due to strong performance in 2019, RHB Bank Berhad has decided to
increase their dividend by up to 50.1 percent, where the final dividend of 18.5
sen per dividend is combined with the interim dividend of 12.5 sen per
dividend. The dividend of 31.0 sen marks the company’s highest ever
dividend in history.6
The potential target audience of the statement is clearly stated by the
chairman, which is the shareholders, customers and business partners. [Show Less]