Bank Islam confident of maintaining growth momentum this year

Bank Islam expects to exceed the RM503 million profit growth recorded during the 18-month period ended Dec 31, 2010.

According to Managing Director Datuk Seri Zukri Samat, this prognosis is based on latest developments and the bank's first quarter results, pre-tax profit.

The retail and financing sectors would contribute about 70 per cent to the bank's profit.

The financing sector which includes personal loan and house and vehicle financing had increased by 20 per cent in the first six months of 2011, he added.