AmBank expects 6% to 7% growth in SME loans this year

PETALING JAYA: AMMB Holdings Bhd (AmBank Group) projects loan growth of between 6% and 7% for the small and medium enterprise (SME) industry this year, driven by diverse businesses in the sector.

According to group CEO Datuk Sulaiman Mohd Tahir, SME loan growth is usually projected higher by 1% to 2% compared with the entire industry, as it takes into account business diversity.

He remarked…