KUALA LUMPUR : Maybank IB Research Bhd expects further moderation in the loan growth throughout this year due for Malaysian banks with a lower forecast of 4.7%. This compares unfavourably to last year when the industry recorded a 5.6% y-o-y growth. According to Maybank, both household (HH) and non-HH loan growth expanded at a similar rate of 5.3% y-o-y in 2016 with HH loans accounting for 56.8% of total loans. The average loan approval rate nevertheless increased to 47.1% in December 2016 from 44.8% the month before. While total bond issuances amounted to RM85.3bil in 2016, versus RM85.6bil in 2015, total credit growth (loans plus bonds) was marginally lower at 5% y-o-y.

Source: The Star February 02, 2017 03:45 UTC