Others News > Islamic Finance News > BNM Expects Announcements on Islamic Mega Banks this year

 [Bernama]BNM expects the 2 entities given the provisional licenses to set up Islamic mega banks in the country to announce their investment plan this year. “We are giving them more time (to make the announcement) given the environment is more challenging,” said its governor, adding that the investments would be huge. On when the announcement would be made and the identities of those behind the mega Islamic banks, she said ‘it will be premature to say at this point of time”.