欧博网址:(www.aLLbet8.vip),欧博网址开放会员注册、代理开户、电脑客户端下载、苹果安卓下载等业务。

According to outgoing group chief executive officer Joel Kornreich, the group is not seeing a slowdown in the demand for loans, adding that there is no “real reason” to believe that it would change significantly.

KUALA LUMPUR: Alliance Bank Malaysia Bhd is optimisitic about its loan growth prospect in the second half of the year despite the rising interest rate and inflation scenario in the country.

According to outgoing group chief executive officer Joel Kornreich, the group is not seeing a slowdown in the demand for loans, adding that there is no “real reason” to believe that it would change significantly.

“We were guided by our efforts to reach out to our customers and we’re also guided by the criteria that we apply to the loans.

“Clearly in the past couple of years, we have been very prudent in the criteria that we apply and will continue to do so.

“The best that we can do is to be reasonable in what we do to acquire loans and to compete as effectively as we can,” he told reporters during a virtual press conference at the bank’s AGM.

Kornreich conceded that inflation and interest rates could impact the capacity to repay loans among its customers.

However, he said the bank is not facing a significant slackening in the loan demand.

“We are business as usual. For now we are not seeing a great deal of change,” he pointed out.

It is worthy to note that the banking sector’s loan growth rose 5.6% year-on-year in June, the strongest performance in over a year.

,

哈希108竞彩平台www.hx198.vip)采用波场区块链高度哈希值作为统计数据,游戏数据开源、公平、无任何作弊可能性,哈希108竞彩平台开放单双哈希、幸运哈希、哈希定位胆、哈希牛牛等游戏。

,

The group also saw a loan growth of nearly 4.6% year-on-year due to positive loans growth in the small and medium enterprise (SME) and commercial segments.

Alliance Bank aimed to achieve gross loan growth of between 6% and 8%, and a return on equity of more than 10% and cost-to-income ratio of less than 45% in financial year ending March 31, 2023 (FY23).

Meanwhile, Kornreich said the bank planned to double its SME loans in the next five years.

Over the last five years, Alliance Bank had grown its SME loan market share from 3.4% to 5%.

On the bank’s net interest margin (NIM), Kornreich opined it would remain stable on the back of its large proposition of current and savings account deposits (Casa).

“Our net interest margin is actually quite stable for now. We realise that there is competition on the deposits, but our composition or deposits helped us to mitigate this, because we have a large proportion of Casa of about 50% of our deposits.

“We also have enough liquidity to be able to modulate, manage and optimise the deposits that we raise,” he said.

Kornreich also said a potential rate hike of 25 basis points by Bank Negara in September would further improve the revenue of banks.

Following the announcement of the five applicants of digital licences, he said there would be strong competition in the SME space for the new digital banks.

ag区块链百家乐声明:该文看法仅代表作者自己,与www.allbetgame.us无关。转载请注明:欧博网址(www.aLLbet8.vip):Alliance Bank CEO: No slowdown in demand
发布评论

分享到:

免费足球贴士网:Ringgit depreciates versus US$ on mixed sentiments, weak crude oil
1 条回复
  1. telegram中文群组(www.tel8.vip)
    telegram中文群组(www.tel8.vip)
    (2022-10-23 00:08:14) 1#

    The global rate tightening seen over recent months, led by the Fed, has stoked recession fears and hurt growth-sensitive commodities such as copper, oil and iron ore. The euro has also been hammered as investors see Europe as ground zero for a global slowdown.这个还行吧,比有的强

发表评论

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。