BANKS are cautiously optimistic of loan growth as businesses take a more cautious stance, while consumers will continue to feel the impact from higher inflation.
Loan growth is expected at between 4% and 5.5% in 2023, on the back of Malaysia’s economic stability which will support the creditworthiness of local businesses and consumers.
It had moderated at the end of November 2022, to 5.5% (6.5% in October 2022) as business loan growth slowed to 3.4% (5.2% in October, 2022).
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