DESPITE concerns over a continued squeeze on interest margins and lacklustre loans growth rates, earnings growth for the banking sector is still projected to remain healthy at 13% for 2005 and 11.1% for 2006.
“And this time around, earnings growth is going to be driven by Islamic banking income and non-interest income,” said Gan Kim Khoon, executive director of AmResearch Sdn Bhd. Falling loan losses and provisions are still substantial contributors to growth.
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