Announcement Details :
On 14 June 2007, the Company had announced the Forward Looking Headline KPIs for 2007 to 2009. These KPIs have been set and agreed by the Board of Directors and Management of the Company as part of the broader KPI framework that the Company has in place, as prescribed under the Government Linked Company (“GLC”) Transformation program and is disclosed on a voluntary basis.
It should be noted that these headline KPIs are targets or aspirations set by the Company for the respective years as a transparent performance practice. The KPIs should not be construed as estimates, forecasts or projections of the Company or representations of any future performance, occurrence or matter as the headlines are merely a set of targets or aspirations of future performance aligned to the Company’s strategy.
HEADLINE KPIs FOR THE 2ND QUARTER 2009
The Group net return on equity exceeded the Headline KPI, whilst the Group revenue growth and retail loan growth were lower than the Headline KPIs as result of the negative impact of the OPR reductions by BNM and lower retail loan applications received in the current quarter 30 June 2009.