Banking sector shows slowing growth momentum

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

PETALING JAYA: There are indications that the banking sector will see a slowing growth momentum given the expected slowdown in the macroeconomic growth environment, according to UOB Kay Hian Research.

In its report, the research house maintained its market weight rating on the banking sector noting that there are several factors that would present a slight downside risk to the sector’s earnings.