KUALA LUMPUR: Maybank Investment Bank Research said there was little to cheer about as far as loan growth is concerned in August, when it expanded 3.9% year-on-year (YoY) while total credit growth was 4.9% YoY including bond issuances.
“With loan application growth waning, the outlook is subdued at this stage. Asset quality deteriorated slightly again with absolute gross impaired loans higher month-on-month (MoM), particularly in the manufacturing sector, ” it said on Tuesday.
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