Banks see stronger loan growth

According to AmInvestment Bank Research, this trend carried forward into January where domestic loans growth averaged at 4.7% year-on-year (y-o-y) driven by a pick-up in the pace of household loans and stronger momentum for working capital financing.

PETALING JAYA: Malaysian banks generally saw an acceleration in loans growth as lockdowns were eased and the broader economy reopened at the end of last year.

According to AmInvestment Bank Research, this trend carried forward into January where domestic loans growth averaged at 4.7% year-on-year (y-o-y) driven by a pick-up in the pace of household loans and stronger momentum for working capital financing.