AmBank Is­lamic aims for 4-5pc growth

New Straits Times - - Business -

KUALA LUMPUR: AmBank Is­lamic Bhd aims to record slightly higher loan growth than the in­dus­try av­er­age of be­tween four and five per cent in its fi­nan­cial year end­ing March 31 next year (FY18).

Chief ex­ec­u­tive of­fi­cer Eqh­wan Mokhza­nee said the tar­get would be mainly driven by small and medium en­ter­prises (SME) and the mass af­flu­ent mar­ket.

“The fo­cus is to drive AmBank Is­lamic’s SME busi­ness un­der the group’s four-year strat­egy.

“We hope that with the for­ma­tion of busi­ness bank­ing and a greater fo­cus on SME, it would ini­ti­ate our bal­ance sheet to be­come more prof­itable and ef­fi­cient,” he said af­ter a sign­ing cer­e­mony be­tween AmBank Is­lamic and Tabung Waqaf Rakyat Johor with JomPAY here yes­ter­day.

AmBank Is­lamic recorded gross fi­nanc­ing of RM27.78 mil­lion in its fi­nan­cial year 2016.

AmBank Group will an­nounce its fi­nan­cial re­sult this month. Ber­nama

AmBank Is­lamic CEO Eqh­wan Mokhza­nee

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