Mainstream
BIMB takes on a 3D approach to growth
F Saad | 12 Jan 2018 00:30
Bank Islam’s investment account, which reported RM5.3 bil in deposits last year, will provide it with additional capital savings

BIMB Holdings Bhd, the country’s largest Islamic banking group in asset size, saw much uncertainty over its new leadership last year. However, it is preparing for growth this year under its new CEO Khairul Kamarudin.

Khairul says the banking group, which derives its income from its two main operating subsidiaries – Bank Islam Malaysia Bhd and Syarikat Takaful Malaysia Bhd, has taken on a “3-D” approach moving forward.

It will concentrate on future growth, deposits, defensive strategy (striking a balance between assets growth and asset quality), and becoming digitally focused.

He says the group aims to grow its banking and takaful businesses organically while maintaining a prudent position. Nonetheless, the banking and takaful businesses will leverage on each other’s strengths.