18 percent stake in BIMB
and is MBSB's single largest shareholder with 64.
Summary: Following an earlier announcement by BIMB
Holdings Berhad BHB ("Bank
, which owns 51 percent of Bank Islam, will give its full support to Bank Islam's fundraising exercise, said BIMB
Group managing director Johan Abdullah.
commenced its operations in 1983, the ceiling for the issuance of GICs was set at RMI billion.
Abdul Halim also helped to set up BIMB
Securities, the first Islamic stockbroking company in Malaysia.
The bank said that a proposed merger of Maybank and BIMB
Holdings Bhd is conceivable, as both entities would be able to build upon the strengths of their Islamic banking experience.
Dubai: Dubai Group, a diversified financial services company, announced Thursday that its subsidiary Dubai Financial Group LLC (DFG), has signed an agreement with BIMB
Holdings, concerning the sale of DFG's 30.
The reassessment of support takes into consideration our view on the propensity and capacity of Lembaga Tabung Angkatan Tentera (LTAT) and Lembaga Tabung Haji (LTH) to provide extraordinary support to their respective flagship banking groups - Affin Holdings Berhad and BIMB
Holdings Bhd is planning to capitalise on the continued business growth of its wholly owned subsidiary, Bank Islam Malaysia Bhd, to drive growth.
remains a dominant player in the Islamic banking segment in Malaysia and at end Q1 2014, the bank continues to exhibit sound financial metrics.
Holdings Bhd has received Bank Negara Malaysia's (BNM) approval for the proposed acquisition of the remaining stake in Bank Islam.
Holdings Bhd, the controlling shareholder of Bank Islam Malaysia Bhd has received the approval from the central bank to begin negotiations to consider acquiring the remaining equity it does not own in Bank Islam from the Dubai Financial Group LLC (DFG) and Lembaga Tabung Haji (LTH).