Loan demand to buoy Malaysia banking sector

TheStar Fri, Dec 02, 2022 07:10am - 1 year View Original


Maybank is among the top picks for Kenanga Research. It cites the bank’s high dividend yield of around 7% to 8% and market leader position in terms of loans and deposits for its choice.

PETALING JAYA: With loan demand in Malaysia expected to remain healthy over the medium term, banks could be in for further gains in the coming months.

This optimism stems from the continued recovery of the country’s economy, which is expected to drive loan growth, particularly in business lending.

In addition, with interest rates rising, banks are also expected to post solid growth in deposits, which is the main source of funding for their operations.

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