Slower credit growth likely in 2025


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

PETALING JAYA: The banking sector, which is one of the key sectors of the economy, may see slower credit growth this year due to the ripple effects from the prolonged US tariffs and the imminent trade war.

Although the country as an open economy may see some constraints in the banking sector, experts, however, said the strength of the economy fuelled by domestic demand, among others, would cushion the impact on the sector, hence supporting credit demand.

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credit , trade war , tariffs , finance

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