CIMB Research keeps Underweight rating on banks


KUALA LUMPUR: CIMB Equities Research is retaining its Underweight rating on the Malaysian banking sector due to the weaker loan growth.

It said on Friday business loans were again to blame for the fifth consecutive month of slowdown in industry loan growth (from 9.7% on-year in May 2014 to 9.3% on-year in June 2014).

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