Islamic Banking in Brunei and The Future Role of CIBFM-10001002003004005006007001995 1996 1997 1998 1999 2000 2001Total Equity
Accu. Profit/(Loss)
Statutory Reserve
Issued Share CpaitalIn 2002, the bank boosts a high total equity of BND162 million which
far exceeds its extant authorised capital and will facilitate further growth in
terms of expanding its branches or creating new subsidiaries to fuel the
country’s financial activities.
5.2.3 IDBB’s Equity
IDBB started off as a conventional bank in March1995, with an
authorised share capital of BND400 million. As with most organisations it
started with a loss, of slightly more than half a million, but immediately
bounced into profit the following year. Since then the Bank has strengthened
year after year. The gradual increase of issued share capital from BND139
million to its present BND271 million indicates the country’s commitment to
assist businessmen in undertaking developments for economic growth.
Overall, all the Islamic banks have performed remarkably well with the
shareholders’ funds strengthening year after year. This facilitates the banks to
invest further in new subsidiaries and new products.
Source: Compiled data from IDBB’s Annual Reports.
Diagram 7: IDBB’s Equity Capital from 1995 to 2001 (BND Million)