Positive trends ahead for banking sector

Analysts raise earnings forecast on loan growth

PETALING JAYA: The results of local banks in the fourth quarter of 2021 (Q4’21) indicate positive tidings ahead for the sector.

Going by January’s banking statistics where loan growth continued to accelerate, driven by both retail and business loans, some analysts have raised their 2022/23 earnings estimates for the sector. This comes as they revise loan growth forecasts, and lower credit cost assumptions.

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