Bank Islam targets financing growth of 8%

CGS-CIMB Research's projected financing growth for Bank Islam in the financial year 2024 is 8.4%.

PETALING JAYA: Bank Islam Malaysia Bhd is targeting a financing growth of 7% to 8% for 2024, which is higher than CGS-CIMB Research’s projected loan growth of 4% to 5% for the banking industry.

The research firm’s projected financing growth for Bank Islam in the financial year 2024 (FY24) is 8.4%. The bank’s compounded annual growth rate is premised at 9% from FY24 to FY25.