Fuel subsidy revamp a dampener on loan growth


PETALING JAYA: The banking sector is anticipated to come under pressure and post slower loan growth this year amid weaker spending underpinned, among others, by the government’s fuel subsidy rationalisation policy.

RAM Rating Services Bhd co-head of financial institution ratings Sophia Lee told StarBiz she expects slower loan growth of 5% this year from 5.3% in 2023.

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