CIMB Research said the industry’s net impaired loan ratio was sustained at 1.2% in 2016 despite the macro headwinds. “We are projecting loan growth of 5%-6% for 2017, similar to the rate in 2016. “Loan growth was stable at 5.3% on-year at end-Dec 16, on par with the level at end-November 2016. CIMB Research said the growth in residential mortgages, as expected, continued to moderate from 9.5% at end-November to 9.2% at end-December 2016. Hence, we are projecting a loan growth of 5%-6% for 2017,” it said.

Source: The Star February 02, 2017 00:33 UTC