Bank Islam expects stiff competition in 2012

Bank Islam expects 2012 to be challenging with moderate loans growth and weaker net interest margin as competition sets in.

HwangDBS Vickers Research said Bank Islam's loan growth would continue to be led by the consumer segment, currently at 78 percent, but the bank was working towards a 70:30 mix of consumer and, commercial and corporate over the next three years.

The bank was also taking steps to improve its portfolio mix by raising the share of secured financing to 50 per cent, from 45 per cent, currently, it said.

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