KUALA LUMPUR (Feb 23): MALAYAN BANKING BHD [] (Maybank) is targetting 15% growth in revenue for 2012, fueled strong growth at its Indonesian subsidiary Bank Internasional Indonesia (BII).
Maybank group chief financial officer Datuk Kharussaleh Ramli said on Thursday that for 2012, he expects BII's revenue will continue to growing at 20%, supported by Indonesia's gross domestic product (GDP) growth of about 6.5%.
As at the six month period ended Dec 31, 2011, BII contribute 16% to Maybank's group revenue, according to Kharussaleh.
Khairussaleh said Maybank will continue to grow the revenue contribution from BII, and provide greater share of the group's profitability. Currently, BII's share of profit to the Maybank group was only 5%, he added.
Maybank group chief financial officer Datuk Kharussaleh Ramli said on Thursday that for 2012, he expects BII's revenue will continue to growing at 20%, supported by Indonesia's gross domestic product (GDP) growth of about 6.5%.
As at the six month period ended Dec 31, 2011, BII contribute 16% to Maybank's group revenue, according to Kharussaleh.
Khairussaleh said Maybank will continue to grow the revenue contribution from BII, and provide greater share of the group's profitability. Currently, BII's share of profit to the Maybank group was only 5%, he added.
