Malaysia’s gross loan growth moderates to 5.3% in August — BNM

KUALA LUMPUR (Sept 30): Malaysia’s gross loan growth moderated in August 2024, amid lower outstanding loan growth, according to Bank Negara Malaysia (BNM).

Credit to the private non-financial sector expanded 5.3% year-on-year in August, compared to 5.5% in July 2024, the central bank said in a statement on Monday. Outstanding loan growth came in at 5.8% in August versus 6.2% in July.

Household…