Public Bank aims for 5% loan growth this year

PETALING JAYA: Public Bank Bhd is targeting a loan growth of 5% for this year, backed by a more positive economic outlook, low interest-rate environment and ongoing promotions focusing on its mortgage and hire-purchase segments.

In a research report, UOB Kay Hian (UOBKH) Research noted that the bank registered commendable loan growth of 5.6% in the first half of its financial year 2022 (1H22).