Data from Bank Negara showed loan growth in June moderated to 4.2% year-on-year (yoy) from 4.5% yoy in May, with both the business and household sectors experiencing a slowdown.
PETALING JAYA: Demand for loans is expected to pick up after the tabling of Budget 2020 in October, according to Kenanga Investment Bank.
On that note, the brokerage maintained its “overweight” recommendation on banks, with most banks under its coverage with the same rating.
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