is targeting a loan growth of 5% for this year, backed by a more positive economic outlook, low interest-rate environment and ongoing promotions focusing on its mortgage and hire-purchase segments.
Meanwhile, Hong Leong Investment Bank Research noted that net interest margin continued to expand following the overnight policy rate hike in July 2022. Separately, HLIB Research expects gross impaired loan ratio to rise. However, the research house is not overly concerned, since Public Bank has already made heavy preemptive provisioning in the previous financial years to cushion this impact.
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