PETALING JAYA: Despite slower growth in earnings in the first quarter partly due to lower non-interest income, the worst since the second quarter of 2010, analysts expect earnings momentum for the banking sector for the year to pick up amid headwinds facing the sector.
Some are projecting earnings growth for the sector at between 6% and 12% for the year. MIDF Research is projecting earnings growth at 6.2% to RM23.02bil in 2014 and 9.7% to RM25.26bil in 2015.
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