High finance costs may dilute Bank Islam’s loan growth

PETALING JAYA: The impact of Bank Islam Bhd’s potentially stronger loan growth may be diluted by the higher costs of funds amid deposit competition.

CGS-CIMB Research said in a report to clients, following a session with the lender, that the positive takeaway from the meeting was a potentially stronger loan growth for the bank in its financial year 2022 (FY22) versus its guidance of 8%.