Net financing growth rises to 4.4%

KUALA LUMPUR: The net financing growth increased to 4.4% in November from 4% in October, driven by higher growth in outstanding loans, while outstanding corporate bond growth moderated to 4.8% from 5.9% in October, says Bank Negara.

In its monthly highlights for November 2021, the central bank said the growth in outstanding household loans increased to 4.1% (October: 3.7%) amid higher loan disbursements for credit card spending and the purchase of residential properties and passenger cars.