Strong fourth quarter seen for bank loan growth

Among the Malaysian companies, according to the list, were Malayan Banking Bhd (ranked 390th), Tenaga Nasional Bhd (490), Public Bank Bhd (632), CIMB Group Holdings Bhd (671)

PETALING JAYA: Following the banking industry’s loan growth increase of 5.8% year-on-year in August, analysts see the possibility of a strong fourth quarter where loan disbursements could ramp up.

According to Affin Hwang Capital Research, the banking system’s loan disbursement in August came in higher at 9.7% month-on-month (m-o-m) versus a decline of 5.4% m-o-m in the previous month. Key sectors driving loan growth were households, retail and trade, construction, real-estate and transportation.