BIMB’s restructuring may be completed within a year, says CEO

BIMB Holdings Bhd briefing in conjunction with the announcement of its financial results for the six months ended 30 June 2019. From left to right; Chief Financial Officer Azizan Abd Aziz, Chief Executive Officer Mohd Muazzam Mohamed. Starpix by Low Lay Phon

KUALA LUMPUR: The corporate restructuring exercise of BIMB Holdings Bhd – the parent of Bank Islam – continues to drag on, pending approvals from relevant parties including the regulatory authorities.

Group CEO Mohd Muazzam Mohamed said it is unlikely for the proposed exercise to be completed by the end of this year.