Allahabad Bk eyes 20 pct loan, 17 pct deposit growth

KOLKATA, Oct 3 (Reuters) - State-run Allahabad Bank (ALBK.BO: Quote, Profile, Research) is aiming for a 20 percent loan growth and deposit growth of 17 percent in the year ending March 2009, Chairman and Managing Director, K.R. Kamath told reporters on Friday.

The bank also hopes to maintain a net interest margin of 2.75 percent and a capital adequacy ratio of 11 percent during tbe same period, he added.

"The loan growth will come from small and medium businesses, steel, cement and commercial real estate sectors," Kamath, who recently took over as chief of the Kolkata-based bank, said.

(Reporting by Tamajit Pain; Editing by Ramya Venugopal)