CIMB's loan growth target of 6% for 2016 still within reach: analysts
Thanks to a possible pick-up in domestic corporate lending in 4Q16.
Although group loan growth was 2.2% YoY end-Sep 2016, Maybank Kim Eng analysts say management’s group loan growth target of 6% for 2016 still appears within reach, with an anticipated pick-up in domestic corporate lending in 4Q16.
The target for 2017 will likely be released alongside the group’s 4Q16 results, but management is not expecting strong growth in 2017. "As it stands, we have imputed a group loan growth forecast of 3.5% for 2016 and 6.3% for 2017."