Bank Negara Malaysia (BNM) reports that credit growth in the private non-financial sector accelerated to 5.2% in November 2024, fueled by increased demand for corporate bonds and sustained lending to businesses and households.
Credit to the private non-financial sector grew by 5.2 percent in November versus 5.1 percent in October 2024, driven mainly by higher growth in corporate bonds (3.8 percent;October 2024: 2.6 percent), according to Bank Negara Malaysia (BNM). The central bank said in a statement today that growth in business loans was unchanged at 5.4 percent against October 2024. 'Growth for investment-related loans remained forthcoming, particularly among small and medium enterprise borrowers (9.
4 percent; October 2024: 9.2 percent),” the central bank added. Meanwhile, loans for working capital purposes moderated to 3.5 percent against 3.8 percent in October 2024. The central bank added that growth for household loans was sustained at 6.0 percent (October 2024: 6.1 percent). The banking system continued to record healthy liquidity buffers with an aggregate liquidity coverage ratio of 147.9 percent (October 2024: 146.8 percent). The aggregate loan-to-fund ratio remained broadly stable at 83.6 percent versus 84 percent in October 2024. It also said that banking system asset quality remains sound, with overall gross and net impaired loans ratios remaining stable at 1.5 percent and 0.9 percent, respectively. Loan loss coverage ratio (including regulatory reserves) continued to be prudent at 128.1 percent of impaired loans (October 2024: 126.6 percent).
FINANCE CREDIT ECONOMY MALAYSIA BANKING
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