HEADLINE KPIs
The Company would like to announce the target Headline KPIs for 2015 as set out in Table 1. These KPIs have been set and agreed by the Board of Directors and Management of the Company as part of the broader KPI framework that the Company has in place, as prescribed under the Government Linked Company (“GLC”) Transformation program and is disclosed on a voluntary basis.
It should be noted that these headline KPIs are targets or aspirations set by the Company for the respective years as a transparent performance practice. The KPIs should not be construed as estimates, forecasts or projections of the Company or representations of any future performance, occurrence or matter as the headlines are merely a set of targets or aspirations of future performance aligned to the Company’s strategy.
HEADLINE KPIs FOR THE 1ST QUARTER 2015
The annualised Group net return on equity and revenue growth for the 1st quarter 2015 have not met the targeted Headline KPIs. This was mainly due to higher allowances for impairment losses on loans, advances and financing and lower operating income.
|
TABLE 1
|
Target 2015 Headline KPIs
|
1st Qtr 2015 3 Months Unaudited Group Results
|
|
1. Annualised Group net return on equity
|
12.5%
|
10.5%
|
|
2. Annualised Group revenue growth
|
10.0%
|
5.7%
|
This announcement is dated 7 May 2015.
