Loan growth up at faster pace


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

PETALING JAYA: Loan growth expanded at a faster pace in March and analysts are expecting a recovery this year.

According to latest official banking statistics, loan growth for the banking system picked up and grew at 6% year-on-year (y-o-y) in March to RM1.54bil from 5.3% y-o-y at the end of February.

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Business , Banking , statistics , CIMB , MIDF , loans growth , loan , growth , increase ,

   

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