Restructuring of BIMB will allow proper re-rating of Bank Islam

BIMB’s restructuring moves closer towards completion, having recently raised close to RM800mil from its private placement exercise.

PETALING JAYA: The restructuring of BIMB Holdings Bhd may allow for a proper re-rating of Bank Islam besides enabling the latter’s stronger financial position upon completion of the exercise.

BIMB owns the entire stake in Bank Islam and 59.5% stake in the country’s oldest Islamic insurer Syarikat Takaful Malaysia Keluarga Bhd (STMB).