PETALING JAYA: The banking sector is on track to see modest loan growth this year based on latest statistics.
Data from Bank Negara showed loan growth for the first three months of the year had averaged at an annualised 5.4%.
That number, said AmInvestment Bank Research (AmInvest Research), was within its 2024 loan-growth forecast of 4%-5%.
“Year-to-date, loans grew by 5.4% annualised, in line with our loan growth expectation of 4%-5% for 2024,” the research house wrote in a report.
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