Affin confident loans will increase by 10%

Sustained rise in demand for loans spurs optimism on reaching targeted 8 to 10 percent increase.

Affin Bank planned to expand its consumer banking business and to grant more loans to small-and-medium-enterprises (SMEs), Executive Director of Operations, Shariffudin Mohamad said.

He also said the bank aims to increase its consumer portfolio, which stood at 40 percent of overall business, in order to create a balance with corporate lending, which accounted for 60 percent of the bank's activities, according to Business Times.

Shariffudin made his statement following Affin Bank's signing of a memorandum of agreement with Motorola University, Motorola's learning arm, to introduce a leadership development program for the bank's managers in Malaysia.