Loan growth heads south

In a statement yesterday, ABM said, the banks must engage with borrowers early for alternative repayment arrangements.

PETALING JAYA: Following softer than expected loan growth in November, 2017 loan growth target for some banks may not be met. However, the banking sector could see stronger demand for financing in 2018, say analysts.

According to Maybank IB Research, all hopes of a stronger rebound in loan growth towards year-end has been dashed, with industry loan growth hitting a low of 3.9% year-on-year (yoy) in November 2017.