Malaysia’s business loans slated for up to 7% growth in 2024

However, softer credit demand is seen from the household segment.

Malaysian banks’ loans are expected to surpass 6% year-on-year (YoY) growth for the full year of 2024, lifted by business loans.

Business loans expanded at a faster pace in June, at 6.4% YoY, reports UOB Kay Hian, based on data from the Bank Negara Malaysia (BNM).

Business loans may grow by up to 7% YoY in 2024,…