Public Bank to approve RM50bil mortgage, RM40bil SMEs loans in three years

KUALA LUMPUR: Public Bank Group aims to approve RM50 billion in mortgage loans and RM40 billion small and medium enterprises (SMEs) loans in three years.

Managing Director and chief executive officer Tan Sri Tay Ah Lek said as the largest domestic financier for both segments, the group is committed to supporting home ownership and growth of the SMEs sector in the country.

He said the group’s residential and SMEs loans portfolios stood at RM110 billion and RM69 billion, respectively as at end-2018.

Last year alone, some RM16 billion housing loans and RM11 billion SMEs loans were approved, he said at the group’s 53rd annual general meeting here today.