This was on the back of higher revenue of
The group announced a second interim dividend of
This translated into a dividend payout ratio of 40 per cent of its profit for the year.
Group chief executive
Speaking at a press conference, here, yesterday, he said
"The operating environment was far more challenging than we expected, especially in
"A lot of foundation work was completed this year to reduce structural costs, enhance systems, optimise internal synergies, especially across countries, and strengthen our franchise in new markets," he added.
Over the year, the rupiah declined 15 per cent against the ringgit and reduced Indonesian income by an average of 8.1 per cent.
On a quarterly basis, the
Nazir said the group retained its overall leadership of investment banking in
Nazir said the group will continue to grow in Singapore, recover some momentum in
"After being surprised by the rupiah and interest rates last year, we hope that we have positioned the firm better for 2014.
"Our capital position is now strong, our earnings asset base grew well lastyear, and our operating foundations have been improved.
Furthermore, we have already mobilised to manage asset quality more closely," he added.
Following the enlargement of
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