Bank Negara: Net financing grew 7.4% in February

Ringgit weakens: The ringgit depreciates by 0.8 against the US dollar due mainly by net portfolio outflows. — Reuters

KUALA LUMPUR: Net financing through banking system loans and corporate bonds showed a growth of 7.4% last month compared with 7.2% in January, says Bank Negara.

In its monthly highlights February 2018 released yesterday, the central bank said the growth of outstanding loans of the banking system rose to 4.5% in February from 4.2% the previous month, while net outstanding issuances of corporate bonds continued to expand at 16.4% against January’s 16.6%.