Banks to remain resilient


RAM’s co-heads of financial institution ratings Sophia Lee and Wong Yin Ching.

KUALA LUMPUR: RAM Rating Services Bhd (RAM Ratings), which is maintaining a stable outlook on the Malaysian banking sector, is projecting a loan growth of around 3% this year underpinned by expansion of household loans.

RAM’s co-head of financial institution ratings Wong Yin Ching told StarBiz that she anticipates loan expansion will be anchored by growth in household loans while business loans will remain sluggish.

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