BNM ASSETS INCREASE TO RM631.26 BLN IN 2023
KUALA LUMPUR, March 20 (Bernama) -- Bank Negara Malaysia’s (BNM) total assets increased by 1.97 per cent to RM631.26 billion as at Dec 31, 2023 compared with RM619.04 billion in 2022, with international reserves continued to account for the bulk of its assets at 83 per cent (2022: 81 per cent).
Liabilities were mainly from deposits by financial institutions and currency in circulation, which amounted to RM176.66 billion and RM161.82 billion respectively as at Dec 31, 2023 (2022: RM221.89 billion; RM162.07 billion), BNM said in its Annual Report 2023 released today.
For the financial year ended Dec 31, 2023, BNM recorded a net profit of RM7.16 billion (2022: RM6.99 billion) on the back of a higher total income of RM8.77 billion (2022: RM8.52 billion).
Of this, RM4.31 billion (2022: RM4.24 billion) will be transferred to Risk Reserve, which stood at RM150.06 billion as of the end of 2023 (2022: RM116.61 billion).
“As our international reserves are in foreign currency, it is imperative for BNM to ensure that the Risk Reserve is adequate to cushion against financial market volatility and fluctuations in foreign exchange rates.”
The remaining RM2.85 billion (2022: RM2.75 billion) will be paid as dividend to the Government, said the central bank.
-- BERNAMA
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