Chart of the Week: Malaysian banks' loan growth picks up pace in March

Household loan growth was stable at 5.2%.

According to Maybank Kim Eng, industry loan growth picked up pace in Mar 2017, expanding 6% YoY from 5.3% YoY in Feb 2017.

"Positively, household (HH) loan growth stopped declining and held stable at +5.2% YoY (+5.1% YoY in Feb 2017), which is a relief since growth has slowed relentlessly every consecutive month since Mar 2015. Non-HH loan growth lent support and gathered pace to 6.9% YoY from 5.6% YoY in Feb 2017, of which business loan growth jumped 7.2% YoY from 5.4% YoY in Feb 2017, this being the fastest growth since Jan 2016," adds Maybank Kim Eng.