AmBank expects 15% growth in SME loans


More financing: CGC chief business officer Leong Weng Choong (left) exchanging documents with AmBank retail banking managing director Jade Lee after the signing ceremony to mark the progression of the strategic partnership between the two parties. Looking on are Mohd Zamree (2nd from left) and Sulaiman.

KUALA LUMPUR: AmBank (M) Bhd is expecting a 15% growth from its small and medium-enterprise (SME) loan segment for the financial year 2017 (FY17), driven by the banking group’s Top Four Strategy that it embarked on last year.

Group chief executive officer (CEO) Datuk Sulaiman Mohd Tahir said growth in the SME loan segment would be supported by the bank’s focus on SMEs and mid-corporations, as well as a gross domestic product growth projection of 4.5% this year.

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