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Chart of the Week: Malaysian banks CASA growth slower than total deposits in July
Total systems deposits growth picked up by 5.8% in July.
Deposit growth at Malaysian banks outpaced current and savings account (CASA) growth for the second consecutive month in July, according to Maybank Kim Eng.
Also read: Car loans rev up Malaysian bank lending to 5.3% in July
Total systems deposit growth picked up at a faster pace from 5% in June to 5.8% in July whilst CASA growth slowed to 3.8% over the same period.
Business and government deposits which rose 7.7% and 9.2% led deposit gains in July. Individual deposits expanded at a stable pace from 5.4% in June to 5.5% in July.
Financial institution (FI) deposits also expanded 1.4% in July, after a protracted slump that lasted seven consecutive months.
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