Loan growth forecast to be at 5.4% in 2024

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PETALING JAYA: Assuming month-on-month (m-o-m) loan expansion of 0.6% to 0.7% in December, the banking sector would have recorded a loan growth in the range of 5.3% to 5.4% in 2024, says CGS International (CGSI) Research.

The research firm said this is ahead of its projected sector loan growth of 4% to 5%.

Among the large-cap banks, it favours Malayan Banking Bhd as despite its leading market share, the banking group still holds better-than-industry asset quality with earnings growth expected to outpace its counterparts.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaSingapore

Topics: Loan CGSI Banking /Business/Business News Finance Interest

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-06 @ 00:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 634 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 36 words per sentence (average)

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Copyright Owner: © The Star

News ID: 24908971

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