Maybank Islamic focus on healthy capital, liquidity as buffer against economic headwinds
Maybank Islamic Bhd is focused on ensuring a healthy capital and liquidity buffer in the face of the current economic challenges. Chief executive officer Datuk Muzaffar Hisham said Islamic banking and financial institutions as such, need strong, effective and sustainable risk management strategies. He also said the risk management helps to evaluate risks and formulate mitigating action. In terms of assets and financing outlook, Muzaffar said Maybank Islamic expects to see between nine and 10 per cent growth this year as compared with about 18-19 per cent year-on-year in 2015. For the financial year ended Dec 31, 2015, Maybank Islamic’s total assets exceeded US$36 billion, while gross financing reached RM131.1 billion, with deposits at RM123.4 billion.
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