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Banking 31 May 2014 | 5:15 PM

Bank Islam plans RM1bil capital raising exercise

BANK Islam Malaysia Bhd, the banking arm of BIMB Holdings Bhd, is filling up its war chest in anticipation of a challenging year in the banking industry as well as for a possible acquisition.

Banking 03 Aug 2017 | 12:00 AM

Bank Islam plans to grow mobile banking space

KUALA LUMPUR: Bank Islam Malaysia Bhd aims to grow its mobile banking customer base from the current 900,000 users to two million by 2019. This is following the bank’s strategic collaboration with US-based global business and technology consulting firm Cognizant to develop financial technology (fintech) products within Bank Islam’s network.

Business 12 Jun 2013 | 12:00 AM

BIMB set to fully own Bank Islam

PETALING JAYA: With BIMB Holdings Bhd’s acquisition of the Dubai Financial Group’s (DFG) 30.5% stake in Bank Islam Malaysia Bhd said to be close to completion, BIMB is now looking to gain full ownership of its unlisted banking subsidiary.

Business 13 Jun 2013 | 12:00 AM

BIMB Holdings Bhd may have to pay RM2.7bil for remaining 49% stake in Bank Islam

PETALING JAYA: To own its unlisted banking unit Bank Islam Malaysia Bhd in its entirety, BIMB Holdings Bhd may have to fork out RM2.7bil for the remaining 49% stake it does not already own.

Business 28 Mar 2013 | 12:00 AM

BIMB shares up, still seeking to buy Bank Islam stake (Update)

Shares of BIMB Holdings Bhd rose on Thursday afternoon on news it was still keen to buy Dubai Financial Group LLC’s (DFG) 30% stake in Bank Islam Malaysia Bhd.

Business 01 Aug 2013 | 8:59 AM

BIMB Holdings in RM6.7bil corporate exercise, buys 49% of Bank Islam (Update3)

BIMB Holdings Bhd is undertaking a corporate exercise, which could be up to RM6.7bil, including a RM2.81bil to RM2.96bil acquisition of the remaining 49% stake in Bank Islam.

Business 26 Jul 2013 | 12:00 AM

Bank Islam expects better 2013

ALOR SETAR: Bank Islam Malaysia Bhd (Bank Islam) expects a more encouraging performance in 2013 with the consumer retail sector continuing as the main contributor of profit.

Banking 15 Jul 2013 | 12:00 AM

BIMB set to own 100% of Bank Islam

PETALING JAYA: BIMB Holdings Bhd is likely to conclude the purchase of the 18.5% stake held by Lembaga Tabung Haji (LTH) in Bank Islam Malaysia Bhd by the end of the month, sources said.

Banking 23 Aug 2014 | 12:00 AM

Is Bank Islam the next merger target?

BANK Islam is back in the groove to fulfil its mega Islamic bank ambitions with market chatter speculating that it could be a merger target.

Business 13 Jun 2013 | 8:35 AM

BIMB Holdings Bhd may have to pay RM2.7bil for remaining 49% stake in Bank Islam

PETALING JAYA: To own its unlisted banking unit Bank Islam Malaysia Bhd in its entirety, BIMB Holdings Bhd may have to fork out RM2.7bil for the remaining 49% stake it does not already own.