A tough year for banking sector amidst global turbulance


After the doldrums, the sector is expected to pick up momentum in the second half of next year with a recovery in, among others, oil prices as well as a clear direction on US policies especially on its interest rates

KUALA LUMPUR: Other than seeing a change of guard at the top, it was a rather tough year for the banking sector in 2016 for having to face the brunt of the global financial uncertainty with a dwindling loan growth.

After the doldrums, the sector is expected to pick up momentum in the second half of next year with a recovery in, among others, oil prices as well as a clear direction on US policies especially on its interest rates.

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