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Islamic Finance Briefing - Categorized | Banking, Market Moves more

The Islamic Bank of Thailand has ambitious growth plans

Posted on 10 February 2012

The Islamic Bank of Thailand plans to issue bonds worth Bt5 billion in the second quarter, launch a property fund for Bt1.5 billion in the third quarter and expand its retail borrower base, Dheerasak Suwannayos, president of the bank, said.
“The market is on our side, as interest rates have been decreasing, so we can launch Islamic bonds or sukuk in the second quarter of this year,” Dheerasak said. Ibank wants to raise long-term funds and lend to its customers, he said. The Bt5-billion bond issue and the bank’s deposits of Bt15 billion will be used for lending this year………………………………………..Full Article: Source

 
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