PETALING JAYA: The improvement in loan applications and approvals is signalling potential improvement in loan growth moving ahead, said Kenanga Research.
“Leading indicators suggesting improved loan growth ahead; loan applications rebounded 12.8% year-on-year (yoy) in October (September: -2.0% yoy) while approvals declined moderately by 4.4% yoy (September: -15.2% yoy),” it said in report yesterday.
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