household loan growth ended the year on a better note, up 5% y-o-y versus 4.7% in 2019. Households contributed 87% of the loan growth. Non-household loan growth, however, slipped to 1% y-o-y from 2.7% y-o-y in 2019. Bond issuances totaled RM104bil in 2020, down 19% y-o-y. Including bank loans, industry credit growth was a muted 1.8%.
PETALING JAYA: The banking industry remains on firm footing, with most analysts reiterating a positive outlook for the sector despite a deceleration of loan growth in December.
Data for the last month of 2020 came in unsurprisingly weak, said RHB Research in a report yesterday.
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