Loan demand robust in January

March 01 2013


KUALA LUMPUR: Loan demand remained robust in January 2013 with strong loan applications from both the business and household sectors.

Loans to households expanded by RM6.4bil during the month, driven mainly by loans for the purchase of residential and non-residential property, securities and passenger cars.

In a monetary and financial developments note released yesterday, Bank Negara Malaysia said on a monthly basis, business loans recorded a moderation due to large repayments during the month, despite loan disbursement to businesses remaining strong. Retail deposit rates were also relatively stable during the period. Bernama