RHB Islamic Bank, the Sharia
division of Malaysia’s fourth-largest bank RHB, plans to increase
its consumer lending next year at the expense of its corporate
loans portfolio, in a bid to maintain its loan growth
momentum.

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The Sharia lender said it expects to achieve 20 percent loan
growth in 2008 and is confident of maintaining that growth in
2009.

“Next year we are still trying to project at 20 percent loan
growth, but I think we need to look at which sectors we want to be
exposed to,” a spokeswoman said.

The bank has also announced plans to increase its branch network
to 25 next year from seven currently.

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