Slower loan growth expected for Public Bank

Analysts are projecting banking industry loans to grow between 4% and 5% this year, down from 5.7% last year amid slower economic growth and margin compression.

PETALING JAYA: Public Bank Bhd is expected to see slower loan growth and compression in net interest margins (NIMs) this year, owing to a challenging economic environment.

Industry loan growth picked up pace marginally to 5.2% year-on-year (y-o-y) in February from 5% y-o-y in January.