Home › Business › Business News
Thursday, 22 August 2013
KUALA LUMPUR: Bank Islam Malaysia Bhd is confident of achieving more than 15% growth in profit before tax and zakat this year compared with RM600.3 million last year.
Managing director Datuk Seri Zukri Samat said consumer banking would continue to be the main contributor to achieve the target.
"We target 70% of the financing portfolio to be contributed by consumer banking and the balance of 30% from corporate and commercial banking.
"For the first quarter of this year, the bank raked in profit before tax and zakat of RM151.5mil, and looking at the achievement for the first-half year, we can achieve more than 15% growth that has been set," he said to reporters after the handing over of fund sponsorship for mosques in Malaysia here today.
"For the moment, as far as Bank Islam is concerned, we are still able to achieve the target that we have set, that is, a financing growth of 20% to 25% this year, better than last year.
"I think the new guidelines will affect most of the banks but for Bank Islam we have not see the effects and at this juncture, we are still confident that we are able to show representable financing growth for this year," Zukri said.- Bernama
LG Electronics beats Q2 estimates as mobile division turns profit
Sony hopes for PlayStation profit boost as smartphones struggle
Samsung Elec sees tough second half after second-quarter profit slips
Twitter surges on user growth figures
Banks to launch new tool to fight hackers: WSJ
Only World rides on positive sentiment, share price up after debut
Depleted Indonesian oil field is window into China's corruption crackdown
Nikkei jumps on strong Wall St, set for slim weekly gain
China 2013 GDP revised up, won’t affect 2014 growth
Rise of the car-sharing apps poses threat to auto sector
Business as usual for blogger Jules Yap
Atletico win to set up King's Cup clash with Real
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)