RHB Bank sees loan growth improving

RHB, which employs some 4,400 people in its investment banking division across southeast Asia, Hong Kong and China, is worried about potential job losses due to overlapping businesses at the other two banks, the sources added. It was not clear whether RHB will formally present the proposal to CIMB and MBSB during the merger negotiations.

KUALA LUMPUR: RHB Bank expects loan growth this year to be better than last year and capital market activities to improve.

“Banks will generally benefit from the OPR increase this year. We will also see the impact of MFRS9.

“On the business front, we believe that this year looks to be better better than last year,” said RHB group managing director Datuk Khairussaleh Ramli after the bank’s AGM today.

He added that the focus area of growth for RHB in the near term would be the SME and mortgage segments as well as its banking business in Singapore.

In line with these focus areas, RHB is looking to launch one or two apps centred on mortgage repayment and SME loans next month. 

Notably, some 90% of RHB’s personal loan applications are done via its chatbot.