BIMB considers restructure

Bank Islam managing director Datuk Seri Zukri Samat said the performance was due to robust growth strategies mapped out in the bank

PETALING JAYA: BIMB Holdings Bhd is contemplating a group-wide restructuring in a bid to maximise value for shareholders and fulfil regulatory compliance, said the bank-holding company’s group chief executive officer Datuk Seri Zukri Samat (pic).

While no specific timeline was given for the restructuring, Zukri indicated that the group-wide restructuring move may entail the review of BIMB’s 60% stake in Syarikat Takaful Malaysia Bhd and the transfer of the listing status to its prized banking arm. BIMB owns a 60% stake in the Main Market-listed Takaful Malaysia, which has a market value of about RM3.27bil.