CIMB sees 'slight slowdown' in home, car loans — consumer banking chief

KUALA LUMPUR (Nov 17): CIMB Group Holdings Bhd is bracing for a "slight slowdown" in home and car loans in 2017, as the banking sector contends with weak consumer sentiment, CIMB group consumer banking CEO Samir Gupta said.

Gupta said CIMB targeted consumer loan growth at 7% in 2017, unchanged from its current 2016 forecast.

"There might be a slight slowdown in mortgages and automotive (loans)," he told reporters here at the launch of the Sun Wealth insurance scheme. CIMB is launching the scheme in partnership with Sun Life Malaysia Assurance Bhd.

Gupta said CIMB expected loan growth to remain relatively stable, despite foreign exchange volatility. — theedgemarkets.com