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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Bank Islam targets 100,000 depositors for junior account

Posted on 03 October 2011

Bank Islam Malaysia Bhd expects to attract 100,000 depositors and deposits of RM50 million within the first year of the launch of Al-Awfar Junior Savings Account-i for young customers. The consumer banking business contributes 70 per cent to Bank Islam’s assets.
“With the launch of this new product, the bank expects a minimum growth of 15 per cent in its assets from RM9.2 billion last year,” said general manager for consumer banking, Khairul Kamarudin……………………………………….Full Article: Source

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