PETALING JAYA: Consumer loans are forcast to grow between 8% and 11% this year, albeit slightly slower than last year and it will be a key driver for overall loans growth in the banking system, said analysts and industry observers.
Many expect business loans growth this year to moderate partly due to slower corporate loans disbursements and the repayment of loans for mega projects like those under the Economic Transformation Programme (ETP) coupled with strong demand for hire purchase loans for cars and residential property.