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Bank Islam Malaysia Bhd sets aside RM300 mln for digital roadmap
Last update: 27/08/2018

KUALA LUMPUR, Aug 27 (Bernama) -- Bank Islam Malaysia Bhd, has allocated RM300 million for investment under its three-year (2018-2020) digital roadmap.

Bank Islam Acting Chief Executive Officer Mohd Muazzam Mohamed said digital investment was the group's future focus and it already had a few products in the pipeline.

“Our digital journey will comprise existing products and new products on new platforms,” he told a press conference to announce BIMB Holdings Bhd's second-half financial results here today.

Mohd Muazzam said the bank’s digital journey includes improving customer service touch points and business efficiency through upgrading back-end processes.

He said the bank currently had 500,000 Internet banking users, which had been doubling annually, supported by the bank’s mobile application.

BHB was incorporated in Malaysia on March 20, 1997 and was listed on the Bursa Malaysia Securities Bhd Main Market on Sept 16 in the same year.

The BHB group are pioneers in various Islamic financial services, including banking, takaful, stockbroking and other related services through its subsidiaries - Bank Islam Malaysia Bhd, Syarikat Takaful Malaysia Bhd and BIMB Securities Sdn Bhd.




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100 Yen3.9164/9222
Source: Bank Negara Malaysia

Reduction in the overnight policy rate (OPR) by Bank Negara Malaysia would be good for consumer spending and investment;
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