Banking sectorMaintain positive stance: Loan growth for the banking system in February 2017 was +5.3% year-on-year (y-o-y) at RM1,527 billion. Since November 2016, loan growth has been consistently registering above the +5% level. We maintain our expectations that loan growth is set to rebound in calendar year 2017 (CY17). Most notably was growth in loan demand and approval, which should provide a steady pipeline for loan growth to continue. In our opinion, the banking sector rebound is to continue and we expect better performance in CY17, driven by higher loan growth and stable margins.

Source: The Edge Markets April 04, 2017 03:00 UTC