Maybank sees 6% to 7% growth in gross loans

Khairussaleh said that investment banking activities will improve in 2024 and this will help lift Maybank’s core fees.

KUALA LUMPUR: After a strong 9.2% loan growth in 2023, Malayan Banking Bhd (Maybank) foresees its gross loans to expand further by 6% to 7% this year.

The banking group, which is the largest in Malaysia by asset value, said the growth is likely to be broad-based across its three markets – Malaysia, Singapore and Indonesia.