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Maybank: Loans growth 10%-12% in2H
by hlk Thu 29 Sep 2011, 18:32
KUALA LUMPUR: MALAYAN BANKING BHD [] (Maybank) expects its loan growth for the six months ending Dec 31, 2011 to hover between 10% and 12%, spurred mainly by corporate loans segment.
Its CEO Datuk Seri Abdul Wahid Omar said Maybank hoped to see its loan growth exceed the forecast local industry average of about 11% for 2011.
“We hope to achieve an ROE growth of 16% during the six-month period,” he said after Maybank’s AGM on Thursday, Sept 29.
He said Maybank’s primary growth route be organic although it would not discount the possibility of M&A if the opportunity arises.
Maybank had changed its fiscal year from December 31 to June 30 where the current period is a 6-month period ending Dec 2011.
Its CEO Datuk Seri Abdul Wahid Omar said Maybank hoped to see its loan growth exceed the forecast local industry average of about 11% for 2011.
“We hope to achieve an ROE growth of 16% during the six-month period,” he said after Maybank’s AGM on Thursday, Sept 29.
He said Maybank’s primary growth route be organic although it would not discount the possibility of M&A if the opportunity arises.
Maybank had changed its fiscal year from December 31 to June 30 where the current period is a 6-month period ending Dec 2011.
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