AmBank Islamic aims to record slightly higher loan growth in FY18

Chief executive officer Eqhwan Mokhzanee Muhammad said the target would be mainly driven by small and medium enterprises and the mass affluent market segment.

KUALA LUMPUR: AmBank Islamic Bhd aims to record slightly higher loan growth than the industry’s average of between 4% and 5% in its financial year ending March 31, 2018 (FY18).

 Chief executive officer Eqhwan Mokhzanee said the target would be mainly driven by small and medium enterprises and mass affluent market.  

“The focus is to drive the SME business under the group’s four-year strategy. We hope with the formation of business banking and greater focus on SME, it would initiate our balance sheet to be more profitable and efficient,” he told reporters after a signing ceremony between AmBank Islamic and Tabung Waqaf Rakyat Johor with JomPAY here today.  

AmBank Islamic recorded gross financing of RM27.78mil in its financial year 2016. AmBank Group will announce its financial result this month. - Bernama