Loan growth up to 5% in 2022 despite rising interest rates, says RAM Ratings

RAM Ratings co-head of financial institution ratings Wong Yin Ching

KUALA LUMPUR: RAM Ratings projects full-year loan growth at 4.5 per cent-5.0 per cent in 2022 despite rising interest rates, driven by the gradual reopening of the economy.

In a statement today, the rating agency said banks’ core earnings before tax would see some upside this year, underpinned by more moderate impairment charges and further net interest margin (NIM) expansion.