Bank Negara: Net financing up 6% m-o-m

PETALING JAYA: Bank Negara says net financing grew by 6.1% month-on-month (m-o-m) in August from July’s 5.3% on the back of a rise in outstanding loans and corporate bonds.

Loans by the banking system increased by 6.8% in the month with loans to households rising by 6.5% as opposed to 6.1% growth in July despite the higher interest rate environment.

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