Maybank mortgage segment drive to fuel competition

PETALING JAYA: Malayan Banking Bhd’s (Maybank) move to expand market share in the mortgage segment will undoubtedly lead to more competition among banks in the mortgage space.

Maybank expects the mortgage market to be a key driver of its domestic loans growth that is targeted at 13.6% this year. However, as they expand their market share, it could mean eating into the market share of its peers.