Maybank expects RM300M in ringgit mortgage expansion to Melbourne

Maybank expects a take-up of RM300 million in the next 12 months in expanding its overseas ringgit mortgage loan scheme to Melbourne.

Maybank deputy president/head of community financial services, Lim Hong Tat, said the move will help the bank achieve double-digit growth for its home financing segment.

"The Australian market has not suffered a fall in median house prices. In fact it had grown by an average of 9.1 per cent per annum on average for the past 10 years," he said in explaining why investment property in Melbourne offered great returns and exceptional growth potential.

"The Global Financial Crisis in 2009 and 2010 saw property prices in markets such as in the UK and US fall significantly. However, properties in Australian actually increased in value during this period," he added.

For more.

Also Read

India, Maldives ink deal to promote local currencies for cross-border trade

Malaysia fines money changer for customer due diligence lapses

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit