ELK-Desa stays focused on reducing impaired loans

KUALA LUMPUR: Elk-Desa Resources Bhd, which operates in the used car financing market, says demand in the niche and underserved market continues to outstrip supply.

However, the lender is not expecting a sharp expansion in its hire purchase portfolio in view of the macroeconomic uncertainties within our operating landscape, said executive director and chief financial officer Teoh Seng Hee.