Loan growth continues to slow down

The fall in loan growth was weighed by the continued decrease in automotive loans, which had contracted 0.3% y-o-y in June, while non-residential property lending slowed to 2.7% y-o-y from 3.1% y-o-y in May, according to Maybank Research

PETALING JAYA: Total loan growth has continued to slow down, expanding 4.2% year-on-year (y-o-y) in June from 4.5% in May this year.

The fall in loan growth was weighed by the continued decrease in automotive loans, which had contracted 0.3% y-o-y in June, while non-residential property lending slowed to 2.7% y-o-y from 3.1% y-o-y in May, according to Maybank Research.