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The SME Bank has targeted a 25% loan growth to RM2bil this year, said its chairman Datuk Gumuri Hussin.
Foreign investors are expected to lead the purchases of non-performing loans (NPLs) following Bank Negara's new guidelines on the disposals of NPLs for banking institutions.
INVESTORS sold down shares in a knee-jerk reaction to the 30 basis points increase in Bank Negara's overnight policy rate to 3% on Wednesday, dealers said.
SOUTHERN Bank Bhd (SBB) posted an increase in net profit to RM98.2mil for its third quarter ended Sept 30, compared with RM93.5mil a year ago, mainly due to increased gross interest income, which reflects positive loan growth in most segments.