CIMB Islamic Bank Bhd expects an increase in its financing contribution to the CIMB group to between 15% and 19% this financial year, up from 13.8% currently, according to CIMB Islamic executive director and CEO Badlisyah Abdul Ghani.
“Currently, CIMB Islamic’s total financing contribution to the group is 13.8%. Both the conventional bank and the Islamic bank are growing but we expect the share (of loan) book by the Islamic bank to grow bigger but not to the extent that it will be growing too fast. The growth will only still be in the teens and it (the contribution by CIMB Islamic to CIMB total loan) should be about 15% to 19% for this financial year,” he said……………………………………….Full Article: Source