Loans growth off to a good start

TheStar Thu, Mar 04, 2021 08:50am - 3 years View Original


Some research houses have an “overweight” call on the banking sector due to a more positive outlook of the economy,

PETALING JAYA: With the vaccination programme gaining wider deployment, a recovery year is expected to for the banking sector, according to RHB Research.

Some research houses have an “overweight” call on the sector due to a more positive outlook of the economy,

RHB Research, which is maintaining its “overweight” stance, said: “January loans growth was off to a good start and we expect 2021 loans growth to be better at 4% year-on-year (y-o-y) (2020: +3.4% y-o-y) on economic recovery as the vaccines gain wider deployment.” Recently, Hong Leong Investment Bank Research and Kenanga Research echoed an “overweight” call on the sector.

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