Delta Leasing eyes KK as prospect for further loan base growth
SIBU: Delta Leasing Sdn Bhd (DLSB) will spread its wings to Kota Kinabalu (KK) this year in a move to grow its loan base further.
According to its executive chairman Dr Hii Sui Cheng, KK is an important commercial centre that offers good opportunity for the company to grow its loan base to RM140 million by 2027.
“That (KK branch) will be our fifth after the ones in Sibu, Bintulu, Miri and Kuching.
“Ultimately by 2027, our loan base should be RM140 million.
“We want to grow along that line,” Hii, who is also Sibu Chinese Chamber of Commerce and Industry (SCCCI) president, spoke at DLSB’s 10th anniversary dinner here on Saturday.
In giving the market outlook for the next 10 years, he described the business environment as ‘challenging’ due a number of factors.
“The next 10 years are going to be challenging as business environment is rapidly changing, brought about by factors including new information technologies, government policies and consumer expectations.
“We need to adjust our strategies in response to these changes in order to remain viable and profitable. We are looking to diversify our business and increase our branch networks.
“With the soon-to-be completed implementation of our banking solution, which allows our branches to access to the central server kept in Sibu, we will grow our outstanding loan portfolio so that our profit will exceed RM5.5 million by the end of the next 10-year period,” he said.
On the anniversary event, Hii said DLSB’s shareholders, staff and business partners had ‘good reasons to celebrate’, in that the company’s operations had not only been continuously profitable, but the declared annual dividends had accumulated to exceed the RM2.20 level over the last 10 years.
According to him, the success could be attributed to all personnel’s adherence to ensuring that their services are friendly, efficient and trustworthy and at the same time, they strive to minimise unnecessary errors in their work.
At the event, 10 long service gold medals were presented to 10 staff members.
“Now that the 10 years are behind us, all staff members are involved in this current budget meeting to formulate strategies for the next 10 years – to 2027,” said Hii.
The event commenced with opening remarks by organising chairman Andy Wong.
There was also a sharing session, facilitaed by HiTTS Technologies managing director Kong Khai Yeng.