PETALING JAYA: RHB Bank Bhd is likely to be operating with modest loan prospects in the financial year 2024 (FY24), with stable net interest margins (NIM) as well as a balanced set of non-fund-based streams, says Kenanga Research.
“RHB Bank looks to maintain its 4.5% loan growth target (lower from FY23’s 4.8% achievement).
“For now, the group plans to stay its ground in mortgage markets where it sees encouraging growth.
“We note that RHB Bank has not factored in upcoming infrastructure projects as part of its projections, opening the possibility for better-than-expected delivery should they be rolled out accordingly,” the research house said in a report.
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