Bank Islam Bhd is aiming for RM1 billion in home financing and refinancing for its current financial year ending June 30, 2010, managing director Datuk Zukri Samat said last Friday.
According to him, the bank's financing for the housing sector is expected to grow by 10% this year, in line with the industry growth of between 8% and 10%.
"For the first six months of this year, we have captured over RM600 million in home financing," he told reporters after launching the "Sinar Letrik Home Campaign" in collaboration with Tenaga Nasional Bhd (TNB) in Kuala Lumpur.
Zukri said Bank Islam has targeted to gain RM250 million in home financing and refinancing under the campaign, which started last Friday and will end on September 30, 2009. Under the campaign, the bank will reimburse the electricity bills of new home financing customers for five consecutive years.
The amount to be reimbursed is based on the scale of financing and upon completion of the properties, he said.
Customers, he added, have to apply for financing or refinancing of at least RM150,000 to enjoy the benefit.
At the launch, TNB chief executive officer Datuk Seri Che Khalib Mohamad Noh said the campaign was running parallel to its effort in promoting automatic payment such as auto-pay and direct debit.
Che Khalib said up to May this year, about 135,00 TNB customers had registered for auto-pay and direct debit while 260,000 made payments online and 333,000 through automated teller machines (ATMs).
"The rest are still making payments via Kedai Tenaga outlets and collection agents," he said. — Bernama
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