KUALA LUMPUR: Cukai Makmur notwithstanding, analysts remain bullish on the banking sector as September banking system data continues to point towards an economic recovery. "With the gradual opening up of the economy, we expect loan growth to strengthen in the coming months and maintain our industry loan growth forecast of 3.8% (annualized 3.4% end-Sep 2021)," it said. The research firm noted that system loans in September rebounded 1% m-o-m, helped by the phased relaxation of lockdown measures. System loan applications on a three-month moving average basis was up 2.6% m-o-m after falling 6% m-o-m in August. Article type: metered User Type: anonymous web User Status: Campaign ID: 46 Cxense type: free User access status: 3Join our Telegram channel to get our Evening Alerts and breaking news highlights

Source: The Star November 02, 2021 01:02 UTC