Loan growth of 5.5% in 2024

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PETALING JAYA: Weaker-than-expected business loan growth, saw the banking industry's loan growth slowing down to 5.5% in December last year, , down from +5.8% in November 2024.

In 2025, it expects household loans to expand by between 5.5% and 6% and business loans by around 5%.

For 2025, CGSI is projecting net profit growth of 6.2% for banks -- slower than the 8.2% it forecasts for 2024F.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesia

Topics: UOB Kay Hian Banking /Business/Business News Finance Loan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-03 @ 12:59:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 653 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 25766096

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 47 posts per day

Year Established: 1971

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News Last Updated: 34 minutes ago

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