Bank Negara said higher loan growth was observed across the construction and services sectors.
PETALING JAYA: Outstanding business loans grew at a stronger rate of 5.6% in June 2024 compared to 4.8% in May, supported by both working capital and investment-related loans.
Bank Negara, in its monthly highlights released yesterday, said higher loan growth was observed across the construction and services sectors.
It said growth in credit to the private non-financial sector was sustained at 5.4% in June, the same as the previous month, following higher outstanding loan growth of 6% (May 2024: 5.7%).
Meanwhile, outstanding corporate bonds grew at a more moderate pace of 3.4% (May 2024: 4%).
“For households, outstanding loan growth was steady at 6.2% (May 2024: 6.3%) amid sustained growth recorded across most loan purposes,” said the central bank.
Bank Negara noted that the banking system continued to record healthy liquidity buffers with an aggregate liquidity coverage ratio of 155.2% in June (May 2024: 149.7%). — Bernama
