AEON Credit’s growth target achievable

PETALING JAYA: Aeon Credit Service (M) Bhd’s gross financing growth target of 20% in financial year 2024 (FY24) will be achievable, especially as the group sees greater financing applications from customers with good credit scores.

AEON Credit’s gross financing of RM11.2bil was up by 12% year-on-year (y-o-y) and 4% quarter-on-quarter, as growth was seen across the board with vehicle financing and personal financing being the key drivers.According to RHB Research, the strong growth was partly due to seasonality factors as the group saw encouraging demand for vehicle and personal financing products during the festive season.