Bank Islam: Moneylending developers will not have severe impact on us
13 Sep 2016 / 17:13 H.
KUALA LUMPUR: Bank Islam Malaysia Bhd said the proposed move to allow developers to provide loan facilities to house buyers would not have a severe impact on the bank, as it will continue to focus on its target market.
"For us, we don't see any reduction in (our) approval rate, mainly because our target market remained stable," its deputy CEO Khairul Kamarudin told reporters after launching the bank's Visa infinite business credit card-i here today.
"Our target market has always been the middle income (segment) and we will continue focusing on our target market and we are seeing the same approval rate (going forward)," he added.
Khairul said the bank's approval rate last year was 70%, and slightly better this year at 71% to-date.