Malaysian banks to expand loans by 6% in 2022, says S&P

KUALA LUMPUR: Malaysian banks will expand loans by 6.0 per cent in 2022 compared with the 4.5 per cent loan growth in 2021, S&P Global Ratings said.

Credit analyst Nancy Duan said specifically, higher capital spending, a booming oil and gas market, and the competitive financing cost of bank loans amid capital market volatility will revive loan demand among big corporates.