System loans, on the other hand, inched up 4.1% in 2017.
Malaysian banks’ outstanding loans increased in 2017, with system loans growing 4.1%, UOB kay Hian reports.
Here's more from UOB Kay Hian:
We note the m-o-m surge in working capital loan growth in Dec 17 (+1.1% m-o-m) that helped to close the gap between the lag in 11M17 loans growth and our full-year 2017 forecast.
Weaker business loan growth of 2.8% in 2017 vs 2016’s +5.3% was the key drag to overall loan growth as consumer loan growth was relatively stable at 5.1% (2016: 5.2%).
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