LENDING & CREDIT | Cesar Tordesillas, Malaysia

Malaysia's OCBC Bank posts 20% growth in SME loans

OCBC Bank boosted its SME loans by more than 20 percent for the first six months.

The growth was due to the efforts taken by the bank to offer loans to qualified SMEs and individuals with clear plans for the usage of their funds, according to its director and CEO, Jeffrey Chew Sun Teong.

As for consumer banking, Chew said both the loans and deposit segments also registered more than 20 per cent growth, with strong performances seen in various areas including an increased number of premier banking clients and strong performances in the housing and mortgages divisions.

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