loan growth


Indonesia signals no more rate cuts as inflation risks rise

JAKARTA, Jan 19 — Indonesia’s central bank signaled the end of monetary policy easing as it focuses on inflation risks, such as rising food and oil costs. After keeping the benchmark interest rate at 4.25 per cent — as forecast by all 24…

Indonesia central bank holds rates, to accelerate reserve rules

JAKARTA, Jan 19 — Indonesia’s central bank yesterday kept its key interest rate unchanged, as expected, but pledged to accelerate planned changes of rules on reserve requirements, to give banks more liquidity and encourage them to invest money….

Facebook shares sink as US stocks add to records

NEW YORK, Jan 12 — Shares of Facebook tumbled today after it announced an overhaul of its newsfeed, while US stocks added to records following data showing higher retail sales in December. About 30 minutes into trading, the Dow Jones…

CIMB: Malaysia’s large IPOs expected to raise RM10b in first half of 2018

KUALA LUMPUR, Jan 4 — The large initial public offerings (IPOs) in Malaysia are expected to raise more than RM10 billion in the first half of this year, CIMB Investment Bank head of equity and capital markets and syndication for Asia Derek Lim…

CIMB expects jumbo IPOs to raise RM10b in first half of 2018

KUALA LUMPUR: Large initial public offerings (IPO) are expected to raise over RM10 billion in the first half of this year, said CIMB Investment Bank Bhd managing director and head of ECM and Syndicate Asia, Derek Lim.

Lim said the hives of activity for IPOs in 2018 are in the infrastructure, consumer and financial services sectors.

“ACE Market, small caps and mid caps will continue to be robust this year as well with the overall conditions,” Lim said at a media briefing at the CIMB 10th Annual Malaysia Corporate Day here today.

CIMB Group Holdings Bhd chief executive Tengku Datuk Seri Zafrul Tengku Abdul Aziz (pix) expects 2018 to be an exciting year for investment banking, buoyed by a positive outlook and strong fundamentals that could boost the market such as better corporate earnings, expectations of RM90 billion infrastructure bond/sukuk issuances, as well as potential IPO and merger & acquisition activities.

CIMB is also optimistic that 2018 will be a good year for the group, as it is on track to achieve its T18 targets by year-end.

Tengku Zafrul is anticipating 2018 provisions for the group to be lower than last year’s, saying provisions for Malaysia is expected to go down this year, while provisions for Thailand, Indonesia and Singapore will improve.

In 2018, CIMB’s focus areas include new markets of Vietnam and Philippines; transformation of the Thai business, its commercial banking and data & digital outfit; as well as portfolio optimisation with the completion of its China Galaxy joint venture.

Tengku Zafrul said: “2018 is the final year for T18. All businesses have committed to give their all to achieve the T18 targets.”

Some of the T18 targets include a cost-to-income ratio of 50%, common equity tier 1 of 12%, return on equity of 10.5-11%, income contribution from consumer and commercial of 60%.

“Last year’s GDP growth was above expectations, this will definitely translate into stronger loan growth for 2018,” Tengku Zafrul said, adding that CIMB’s loan growth target for 2018 is 4-5%.

Despite this being an election year, he said, it will not have any impact on CIMB as the market has already factored this in, while strong fundamentals and economic growth should augur well for the banking sector.

Better loan growth in 2018 — Analysts

KUCHING: Based on the current trend of loan demand and approval, analysts are anticipating that the banking sector will see better loans growth in 2018. In a sector update, MIDF Amanah Investment Bank Bhd (MIDF Research) pointed out that the number of applied loans had grown at a faster rate in November 2017 at 15.8 […]

Analyst neutral on local banks due to slow loans growth

KUALA LUMPUR, Jan 2 — Malaysian banks are facing lethargic growth in loans issued and a possible rise in their own credit costs from adopting a new accounting standard this year, said CIMB Equities Research when maintaining its neutral outlook…

Businesses like investment tax breaks, but will they spend? (VIDEO)

NEW YORK, Dec 20 — Jerry Zeitler says a sweeping Republican tax overhaul will encourage him to take a bigger bite next year out of his US$3 million (RM12.24 million) wish list of new equipment for the metal-stamping operation he runs outside…

Move over tech, South-east Asian builders come in 2018 focus

SINGAPORE, Dec 7 — With at least US$323 billion (RM1.31 trillion) in infrastructure spending in the pipeline in South-east Asia and potentially more expected over the next few years, 2018 could well shape up as the year of builders’ stocks…

Banks likely to see pick up in loan growth towards the end of 2017

KUCHING: The banking sector is likely to see a pickup in loan growth in the remaining months of 2017, analysts project. According to AmInvestment Bank Bhd (AmInvestment Bank), industry loan growth further moderated to 4.6 per cent year on year (y-o-y) in October 2017 from 5.2 per cent y-o-y in September 2017, contributed by a […]