“We expect to see better loan growth this year as the economy picks up. But how much better will depend on how fast the economy grows, ” Maybank group president and CEO Datuk Abdul Farid Alias said.
PETALING JAYA: Malayan Banking Bhd
(Maybank) has targeted a return on equity (ROE) of around 9% for the financial year ending Dec 31,2021 (FY21).
The guidance represents only a slight improvement from the 8.1% achieved in 2020, and this, according to Maybank group president and CEO Datuk Abdul Farid Alias, is due to the continued soft income environment and elevated provisioning.
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