Consumer loan growth will outpace corporate loans.
According to Moody's, growth of consumer loans will continue to outpace corporate loans over the next 12-18 months as stable employment, rising income levels and increasing banking penetration from current low levels fuel steady demand for auto loans and credit card facilities.
"At the same time, banks are being encouraged to pursue active growth in the consumer segment because of higher yields of consumer loans relative to corporate loans. This is despite corporate loans still dominating banks' loan books, with corporate and small and medium enterprise (SME) loans together representing about 80% of banks' gross loans," added Moody's.
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