AMMB expects below industry loan growth for FY 2017

KUALA LUMPUR: AMMB Holdings Bhd expects to register a loan growth below the industry's estimated 6%-8% in this financial year ending March 31, 2017, driven by its mortgages and SME loans.
Its CFO Mandy Simpson said loan growth was flat last year.
Excluding auto finance, its loan growth stood at 2.5% in FY16. Auto finance is a portfolio that the group is looking to derisk.
"We benchmark relative to the way the system growth is," she told a press conference after the group's AGM today.