SUSTAINABLE PROSPERITY What It Means What We Did Outlook Sustainable Prosperity is both a growth opportunity and a values-based obligation, ensuring the long-term sustainability of the Group and creating value for our stakeholders. This includes our strategies and actions for strengthening the Group’s financial position and our commitment to building for the future by taking a responsible and ethical approach to diversifying revenue streams and sustaining growth momentum. • Migrated the new GradOne Scorecard into a system and introduced fairer credit scoring for graduates aged 21-35. • Collaborated with eChannels on Virtual Account Opening (VAO). • Launched various campaigns such as Al-Awfar Elite 3.0, TDT Extra, Al-Awfar Plus, MaxCash, and SME Circle Campaign with new features to attract customers. • Focused on sectors in accordance with our Risk Appetite, such as Healthcare, Power, Manufacturing, Telecommunication, Oil & Gas, as well as taking a cautious approach to other neutral sectors. • Launched BIMB’s Five Sustainability Commitments at the Annual General Meeting. • Endorsed Governance Oversight on Sustainability. • Set up a Sustainability Project Working Team (SPWT). • Organised, conducted, and facilitated the inaugural Sustainability Workshop for Mid-Senior Management representatives across the Group. • Opened the 1st environment-friendly branch in the country in Temerloh, Pahang to adopt sustainable practices in business operations. • Spearheaded Value-based Intermediation Financing and Investment Impact Assessment Framework and developed a sectoral guide on waste management ahead of other cohorts among industry peers. • Pioneered in Climate Change and Principle-based Taxonomy (CCPT) exercise. • Contributed significantly to the CCPT Implementation Group as an industry key contributor. Value Created • Increased foothold in the Professional segment with 14% growth through 4 strategic collaborations with Professional Associations. • Recorded a growth of RM7.4 billion in Deposits and Investment Accounts (IA). • Successfully opened 2,536 accounts via VAO. • Achieved a total asset growth increase of 12.1%. • Maintained an overall green financing portfolio covering renewable energy and green building of RM2.9 billion approved. • Introduced a new programme for SMEs, SME Eco Smart Financing. • Finalised the Terms and Conditions with solar panel providers for House Financing for Solar Panels. • RM17 million disbursed for 127 HEVs in 2022. • Achieved a non-retail green financing increase to RM2.6 billion in 2021, compared to RM2.2 billion in the previous year. Our short-term plan includes the rollout of Home Financing-i with Bullet Payment Product, which is expected to be completed in 2023, subject to the completion of Phase 3 system development. This new product will give customers more flexibility in managing and meeting their financial obligations. Additionally, the Bank plans to expand its environment-friendly approach to five more locations by 2023, promoting eco-friendly features and sustainable practices to customers and the community. Overall, BIMB is dedicated to improving its services and positively impacting society. Integrated Report 2022 54 STRATEGIC REVIEW Strategic Performance Review
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