AMMB projects 8% loans growth amid economic recovery

AMMB Holdings Bhd, which expects a strong rebound in the country's economic performance next year, is projecting 8% loans growth in its financial year ending March 31, 2004, compared with 3% last year. 

Its director Cheah Tek Kuang said the growth was achievable in view of the robust demand for housing and car loans as well as the expected increase in financing needs of small and medium-sized industries (SMIs) next year.