Latest from GIFC

Saturday, 11 July 2009

Islamic Bank of Thailand expands lending in South


The state-owned Islamic Bank (IBank) has set target to expand its lending portfolio by another 20 billion baht in deep South this year, bank president Theerasak Suwannayos said.

The loan expansion is inline with the government’s policy to rehabilitate the economy and to curb the unrest in the five southern border provinces of Satun, Songkhla, Yala, Pattani and Narathiwat, Mr Theerasak said.

However, the bank president admitted that his bank currently has only four billion baht liquidity in hands and he had discussed with Finance Minister Korn Chatikavanij to ask for an approval for the bank’s plan to raise capital by six billion baht.

After the capital raising, the bank will have capacity to grant as many as 60 billion baht in new loans

(Bangkok Post)

Islamic finance links:
Islamic finance consulting and training (GlobalPro Consulting- Kuala Lumpur,Malaysia)
Islamic finance consultant and trainer (Ahmad Sanusi Husain-Kuala Lumpur,Malaysia)

No comments:

Upcoming Events on Islamic Finance, Wealth Management, Business, Management, Motivational Alfalah Consulting, KL-Malaysia: www.alfalahconsulting.com

ISLAMIC FINANCE EVENTS KUALA LUMPUR MALAYSIA

ISLAMIC FINANCE EVENTS KUALA LUMPUR MALAYSIA
Register Online . Register Today

Islamic Financial Planning & Wealth Management by Ahmad Sanusi Husain