Marketing

1.0 INTRODUCTION

Bank Negara Malaysia is a statutory body established under the Central Bank of Malaysia Act 1958, which has been repealed by the Central Bank of Malaysia Act 2009. The principal place of business is located at Bank Negara Malaysia, at Jalan Dato’ Onn, 50480 Kuala Lumpur. The principle objects of the Bank are to promote monetary stability and financial stability conducive to the sustainable growth of the Malaysian economy. In this regard, this Bank’s primary functions are as follows:

a) To formulate and conduct monetary policy in Malaysia

b) To issue currency in Malaysia

c) To regulate and supervise financial institution which are subject to the laws enforced by the Bank

d) To provide oversight over money and foreign exchange markets

e) To exercise oversight over payment systems

f) To promote a sound, progressive and inclusive financial system

g) To hold and manage the foreign reserves of Malaysia

h) To promote an exchange rate regime consistent with the fundamentals of the economy and;

i) To act as financial adviser, banker and financial agent of the Government

The Board of Directors has approved the financial statements on 7 March 2013.

2.0 ANALYSIS OF FINANCIAL STATEMENT

Refer back to the income statement for the Year Ended 31 December 2012, total income for 2011 is RM 6,071,018,517 while RM 6,912,371,963 for the year of 2012. The total income for 2012 has increased manifold at almost RM 8,413,534,46. As the total income deducted by Recurring and Development expenditure, the net profit, Bank Negara’s total earning for 2011 is RM 4,724,425,028 and total earning for 2012 is RM 5,600,326,979. This net profit is an important measure of how profitable Bank Negara is over a specific period of time, as for this case for the year of 2011 and 2012.

When comparison is made between year 2011 and 2012, the amount of net profit has increased and the total development expenditure, the expenses incurred mainly to...