CLICK TO ENLARGE
PETALING JAYA: Increasing hesitancy to borrow across households and businesses in Malaysia is expected to be a major headwind for the local banking sector.
After new loan applications suffered a sharp plunge of 41.4% year-on-year (y-o-y) in April this year, Maybank IB Research analyst Desmond Ch’ng warned that slower industry loan growth is likely in the coming months.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
