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
Sunway Construction dangles dividend payout
Daya Materials expects to return to the black in FY15
Xin Hwa stages firm debut as KLCI stages mild rebound
1MDB gets purchase proposals for its land lots in Penang, Pulau Indah
Greece is the word
Celebrate Raya in style with GEMFIVE
Francis Yeoh donates RM4.2mil to struggling Rome opera
Chile need best of Sanchez in Copa America final - coach
Trampoline fun abounds
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)