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PETALING JAYA: Analyst s are upbeat on banks’ loan growth prospects for this year, underpinned by an increase in consumer and business loans.
Meanwhile, MIDF Research in a report said it is maintaining a positive outlook on the local banking sector. “This, combined with a stable interest rate environment, suggests a continued rise in demand for business loans in the coming six to 12 months. As expected, this positive sentiment should extend to capital markets.
“According to Bank Negara, total consumer loans accelerated by 6.5% year-on-year in April, buoyed by the steadfast pillars of mortgages, hire purchase and credit cards.
Analyst TA Research MIDF Finance Margin
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