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ANNUAL REPORT 2021 85

DIRECTORS’ REPORT

The Directors hereby present their report and the audited financial statements of the Group and of the Bank for the financial year
ended 31 December 2021.

PrinciPal activities
The Bank is principally engaged in the business of banking in export and import by granting credit, issuing guarantees and
providing other related services. The Bank is also engaged in the provision of export and domestic credit insurance facilities, takaful
facilities and trade related guarantees to Malaysian companies.

The principal activities of the subsidiaries are as disclosed in Note 12 to the financial statements.
There have been no other significant changes in the nature of the Group’s and the Bank’s principal activities during the financial year.

resUlts

Group Bank
RM’000 RM’000

Profit for the year 51,107 51,107

There were no material transfers to or from reserves during the financial year other than as disclosed in the financial statements.
In the opinion of the Directors, the results of the operations of the Group and of the Bank during the financial year were not
substantially affected by any item, transaction or event of a material and unusual nature.

DiviDenDs

The Directors do not recommend any dividend payment for the current financial year.

DirectOrs

The names of the Directors of the Bank in office since the beginning of the financial year to the date of this report are:
Dato’ Azman Mahmud (Appointed on 1 October 2021)
Datuk Bahria binti Mohd Tamil
Dato’ Dr. Amiruddin bin Muhamed
Dato’ Wong Lee Yun
Datuk Dr. Syed Muhamad Syed Abdul Kadir
Wong Yoke Nyen
Pauline Teh Abdullah (Appointed on 15 November 2021)
Dato’ Feizal Mustapha @ Feizal bin Mustapha (Resigned on 8 March 2021)
Prem Kumar A/L Shambunath Kirparam (Resigned on 20 September 2021