loan growth

 
 

Citigroup executives see better growth ahead, but not yet

NEW YORK, July 14 — Citigroup Inc is still on track to hit its goals for efficiency and revenue growth, executives said yesterday, as analysts pressed them to explain how those expectations line up with second-quarter results. Although Citigroup…


US banks report mixed earnings as Wells Fargo lags again

NEW YORK, July 13 — Large US banks reported earnings that ran the gamut today, with JPMorgan Chase and Citigroup notching year-over-year increases while Wells Fargo’s profits fell. Shares of the three banking giants retreated early today, with…


Fitch unit: More spending, car buying with new fuel subsidies, no GST

KOTA KINABALU, July 13 — The zero-rating of the Goods and Services Tax (GST) and the reintroduction of fuel subsidies last month is expected to increase consumer spending and cause a credit growth of 4.5 per cent this year, according to analysts…


Alliance Bank eyeing 10% net profit growth for FY19

KUALA LUMPUR: Alliance Bank Malaysia Bhd is targeting a net profit growth of 10% for the financial year ending March 31, 2019 (FY19), driven by its asset growth and transformation initiatives.

At a press conference after its AGM here today, group CEO Joel Kornreich said the bank is also eyeing a revenue growth of 6% and loan growth of 10%.

For FY19, it will scale up growth of its core transformation initiatives, which are SME banking expansion, Alliance One account and [email protected]

The bank anticipates that these strategic business focuses will help to achieve its FY19 targets.


Banks outlook in 2H18: Bright or bleak?

Investors are keen on gauging the overall health of the local financial sector, specifically assessing if the recent shares selloff presents investors with a good buying opportunity. It has been a steady quarter for banks in Malaysia – domestic loan growth in the first quarter of 2018 (1Q18) of most banks was above the industry […]


Malaysia to maintain status quo on monetary policy direction

KUALA LUMPUR: Malaysia is expected to maintain status quo on monetary policy direction despite neighbouring countries beginning to tighten interest rates. Kenanga Investment Bank in its economic viewpoint report said Bank Negara Malaysia (BNM) is expected to adopt an accommodative stance and retain the overnight policy rate of 3.5 per cent this year. “It is […]


Banking: Favourable policies boon to loans growth this year

KUCHING: Analysts are projecting a more robust loan growth in the second half of 2018 (2H18), compared to 1H18, while others also believe that current year 2018 (CY18) loans growth will come in better in CY18 from CY17. According to Affin Hwang Invesmtment Bank (Affin Hwang), as new loan applications and approvals moderated month on […]


Indonesia c. bank expects higher GDP growth from looser mortgage rules, despite rate hikes

JAKARTA, July 2 — The Indonesian central bank’s plan to ease mortgage rules would add marginally to economic growth this year, despite higher interest rates, a senior official said today. “The property sector has a large multiplier effect,”…


Banking, aviation stocks remain favourites for foreign funds, says MIDF Research

1

KUALA LUMPUR (June 28): Malaysian banking and aviation stocks were among the favourites for foreign funds, according to MIDF Amanah Investment Bank Bhd Research. In a strategy note today, the research house said among the favourites, Public Bank Bhd, Malayan Banking Bhd and BIMB Holdings Bhd saw net inflows amounting to RM673.1 million, RM250,000 and RM1.3 million respectively from January 2018 to mid-June 2018. It added that home mortgages still led the way with an 8.9% year-on-year (y-o-y) growth in April 2018, contributing 33.1% of loans to the banking system,Read More


Loan growth to eurozone firms picks up

BRUSSELS, June 27 — Growth in lending to companies in the eurozone picked up in May, official data showed today, a bright spot in the data as fears of economic slowdown intensify. Adjusted for some purely financial transactions, the pace of growth…