RHB Bank anticipates 10-12% loan growth

RHB Bank acting director, Vince Au Yoong, is confident that the loans sector will continue to grow but will see a slightly lower margin compared with last year.

"Last year, we achieved 14.5 per cent loan growth and this year we expect it to reach 10 to 12 per cent," he said.

He identified housing and car loans as among the major drivers while ASB financing will continue to contribute as well.

The bank is also targeting 30,000 card holders fo rits new RHB Visa Infinite in the next 12 months with emphasis to be on travel and leisure spending. The card is aimed at the high profile group.

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