CIMB Islamic Bank anticipates up to 19% loan growth

CIMB Islamic Bankexpects a moderate total loan growth of between 15 per cent and 19 per cent for financial year 2011.

"Loan contribution from both the conventional and Islamic banks are growing and we expect our share of (loan) book to grow bigger as well, however not so fast," said Chief Executive Officer Badlisyah Abdul Ghan. "Probably it will surpass mid teens, about 15 to 19 per cent and that's the intention for this year."

Currently, CIMB Islamic's loans accounted for 13.8 per cent of CIMB Group's total loans.

CIMB Islamic is also confident of a moderate growth with the Syariah-compliant banking products amid the increasing demand and growth potential in the industry, he said.

The full story is available at Bernama News.

Also Read

Malaysia's private sector credit grows 5.4% in April

Hong Kong mortgage loans drawdown rises by 9.9%

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia