KUALA LUMPUR: RHB Bank Bhd aims to trim its corporate loans exposure to 25 per cent by 2020 to improve the sustainability for its retail and small and medium enterprises (SME) segments. Mortgages, which grew by 13 per cent year-on-year to help push the group’s retail loans and financing to RM70.1 billion, are expected to remain the driver of future growth, alongside the SME business. Khairussaleh defended the group’s wholesale banking performance, which recorded a RM1.4 billion pre-tax profit, down 3.5 per cent from the year before. “RHB Insurance is profitable outfit. The group’s retail banking segment remains its biggest contributor, despite a 4.4 per cent drop in its pre-tax profit to RM1.1 billion.

Source: New Strait Times February 25, 2017 02:15 UTC