Loan growth projected as high as 5% in 2022 despite rising rates

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

PETALING JAYA: RAM Ratings projects full-year loan growth at 4.5% to 5% in 2022 despite rising interest rates, driven by the gradual reopening of the economy.

In a statement yesterday, 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 expansion.