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Bank Muamalat Malaysia Berhad Targeting 6 To 8 Percent Loan Growth This Year

Bank Muamalat Malaysia Berhad is targeting a six to eight percent loan growth this year, focusing on both consumer and corporate base loans.

Its Chief Executive Officer, Datuk Mohd Redza Shah Abdul Wahid said the company is cautiously optimistic over the target on the back of a challenging market environment expected by the industry this year.

Datuk Mohd Redza said Bank Muamalat will continue to diversify its...

Association of Banks in Malaysia Denies Rehda's Claims On High Housing Loan Rejections

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Association of Banks in Malaysia Denies Rehda's Claims On High Housing Loan Rejections

The Association of Banks in Malaysia (ABM) has denied the real estate and housing developers association's (Rehda) claims that the rejection rate for affordable housing loan applications are high.

ABM chairman, who is also Malayan Banking Berhad (Maybank) Group President and Chief Executive Officer, Datuk Abdul Farid Alias, said out of 456,000 housing loan applications received by the industry last year,...