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CIMB Bank eyes loan growth for the consumer banking in 2017

Thursday, 17 November 2016

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KUALA LUMPUR: CIMB Bank Bhd is cautiously optimistic of maintaining its loan growth for the consumer banking segment at 7%t in 2017, a similar growth rate for this year.

According to Chief executive officer of group consumer banking, Samir Gupta, despite the market challenges this year, consumer banking loans have grown by 7% this year.

There has been growth in the mortgages and cards segments this year and the bank would continue to look for growth opportunities to withstand ongoing headwinds.

The group’s consumer banking has not been affected by the fluctuations of the ringgit so far. The ringgit has depreciated even from 2014, but this has not affected the systems and the bank would remain cautious on currency developments.

There is nothing to be concerned about so far on the banks portfolio such as the cards, mortgages and automotive loans.

Source by: Internet

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