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Malaysia Bank of Islam posts higher profit

Ahlul Bayt News Agency, KUALA LUMPUR: Bank Islam Malaysia Bhd registered a 34.3% or RM79.9mil higher profit before zakat and tax of RM313mil for the financial year ended June 30, 2010, compared to a year ago.

In a statement, managing director Datuk Seri Zukri Samat said the stronger performance was achieved on the back of strong growth in quality financing, continued improvement in asset quality and an increase in lower cost deposits.

The bank’s net financing grew by 16.8% or RM1.62bil to RM11.3bil.


source : /data.asp?lang=3&id=201981
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