KFH targets 20% growth for retail, consumer loans


  • Business
  • Wednesday, 13 Jun 2012

GEORGE TOWN: Kuwait Finance House (Malaysia) Bhd (KFH) is targeting to achieve growth of 15% to 20% for its retail and consumer loans this year.

Chief executive officer Datuk Jamelah Jamaluddin said that last year the retail and consumer loans given out exceeded RM1bil.

“In early 2011, the retail and consumer loans given out was about RM300mil, but by the end of 2011, the figure exceeded RM1bil,” she said.

Jamelah spoke after giving out about RM535,000 of zakat fund to the Yang Di-Pertua Negeri Tun Abdul Rahman Abbas, who received it on the behalf of the Penang Islamic Religious Council.

Jamelah said KFH planned to set up its 12th branch in Kuala Lumpur next month.

”In 2013, we will establish the 13th branch in Seberang Prai,” she said.

Jamelah added that KFH expected modest growth for the first six months of this year, which was an improvement of last year’s corresponding period.

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?

Yes
No

Next In Business News

Oil analysts see battle for Asian market
EPF: No conditions for i-Sinar application
EPF assures investments resilient despite challenges
Sony to shut Penang factory, consolidate facilities
CPO futures likely to consolidate next week with bouts of profit taking
Buffetts' Brooks Running grows as pandemic sees more hit the road
Ant, Grab's venture and Sea to usher in Singapore digital banking
Fire at Petronas' S. African refinery put out, probe underway
Oil rises to just US$50/bbl on hopes for US stimulus
Wall Street's main indexes hit all time high

Stories You'll Enjoy