Maybank projects 12% loans growth to SMI sector


  • Business
  • Thursday, 03 Apr 2003

Malayan Banking Bhd (Maybank) has projected a stronger 12% growth in loans to small- and medium-size industries (SMIs) this year, compared with 7% in 2002, despite the negative impact of the war in Iraq.  

Maybank deputy president Datuk Mohammed Hussein said the SMI sector could expect a boost from the ongoing pump-priming efforts of the government to boost the economy, especially in supplying building materials to projects like the construction of schools and general hospitals. 

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