Bank Pembangunan targets higher loan growth

Bank Pembangunan & Infrastruktur Malaysia Bhd is targeting to grow its development banking and infrastructure loans by at least 20% each this year, said managing director and chief executive officer Datuk Abdul Rahim Mohd Zin.  

As at the end of last year, the loans portfolio of its development banking sector, which mostly catered to small- and medium-sized enterprises (SMEs), was in excess of RM1.5bil while the infrastructure loans exceeded RM6.5bil, Rahim said. 

The bank aimed at disbursing RM1bil worth of loans this year under its development bank sector, he told reporters in Kuala Lumpur after a dialogue with some 120 participants of the film industry yesterday. 

“Last year, we targeted to disburse RM900mil but managed RM1.1bil. Based on that, we will probably do better than RM1bil this year,” he said. 

On the infrastructure loans side, Rahim said the bank expected to disburse at least RM2bil this year. 

“We want to improve our loan approval process and disbursement turnaround, as well as come up with better financing packages tailored to the entrepreneurs' cashflow,” Rahim said. Towards that end, Bank Pembangunan will be gathering feedback from across the industries. 

“We've started with the film industry and we're pleased to hear that they are happy with our delivery system. Nonetheless, we're still looking to improve the system further.”  

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Did you find this article insightful?


Next In Business News

Blackstone-backed Patria eyes expansion in Latam, Asia
METALS: Tin, aluminium, copper prices down
Oil price falls on China's COVID-19 cases, high crude build
IBM, Intel slump weighs on Wall St as coronavirus concerns rise
GLOBAL MARKETS-Weak data, earnings drag stocks lower
DNeX raises stake in Ping Petroleum to 90% in RM314mil deal�
CMMT sees subdued business, consumer sentiments in 2021�
Paul Wong appointed CIMB Thai president and CEO
Semicon, tech stocks and glove makers rebound
PLS Plantations to place out 19m new shares to Nazir Razak

Stories You'll Enjoy