Chart of the Week: Malaysian banks' business deposits vs individual deposits growth

More than a third of total deposits are business deposits.

Malaysian banks' total system deposits growth was a marginally slower 4.3% YoY in Oct 2017 versus 4.5% YoY in Sep 2017, generally keeping pace with loan growth of 4.6% YoY. CASA nevertheless continued to expand at a faster pace of 9.5% (+8.8% YoY in September).

Here's more from Maybank Kim Eng:

By deposit holder, business deposits expanded 11.2% YoY in Oct 2017, this being the second time YoY growth has hit a double-digit pace since Oct 2012.

Government deposits rose 5.6% YoY in October versus 11.2% YoY in September.

Consumer deposits, expanded 3.8% YoY, about similar in pace to the 3.7% YoY growth in September, while financial institution (FI) deposits contracted at a slower pace of 1.4% versus a contraction of 3.3% in September.

Business deposits make up 34% of total deposits, while individual and FI deposits constitute 38% and 16% respectively.