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RETAIL BANKING | Cesar Tordesillas, Malaysia
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Bank Islam expects improved Q4 results

Bank Islam expects better fourth quarter results ending Dec 31, said managing director Datuk Seri Zukri Samat.

 

"Looking at the momentum of the third quarter results, our final quarter will continue with a good performance or maybe slightly better," he explained.

Its profit before tax and zakat for the nine months ended Sept 30, 2011 rose by 41.7 per cent to RM341.9 million driven by robust financing growth, better product mix and continued improvement in asset quality.

Total revenue went up by 12.1 per cent to RM1.2 billion.

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