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BIMB sets aside RM300m for digital roadmap
Published on: Tuesday, August 28, 2018

Kuala Lumpur: BIMB Holdings Bhd (BHB), the parent company of 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' second-half financial results here on Monday.

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. –Bernama

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