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Uptrend in loan applications, approvals seen
PETALING JAYA: Both loan applications and approval amount for February increased month-on-month by 4.8% and 7.8% respectively, reversing their downward trend since September last year.
In February, loan applications and approvals rose to RM33.1bil and RM18bil respectively. However, the overall loans approval for the period still showed a negative annual growth of 15.9%.
The loan-to-deposit ratio was hovering at 73.6%.
Bank Negara in its February’s monetary and financial development report on Tuesday said the increase in the amount of loan applications was primarily from business sectors such as education, health and real estate. Business loan disbursements on the other hand, had moderated.
“For the household sector, the amount of loan applications and approvals was relatively stable on a month-on-month basis, supported by demand for housing loans. Loans disbursed to the household sector, especially for consumption credit, moderated during the month. Household loans outstanding expanded by 9.1% as at end February,” it said.
The credit market in Malaysia started to tighten after the Lehman Brothers’ collapse. In November, loan activities showed a very small sign of stabilisation but the one-month uptick was unsustainable, as global financial crisis continued to deteriorate. Thus, domestic financial institutions became more cautious on lending.
Apart from this crisis of confidence, Bank Negara has repeatedly assured that the banking system in Malaysia remained sound, with risk-weighted capital ratio and core capital ratio improving to 13% and 11.1% respectively in February. The net non-performing loans (NPL) amounted to RM15.8bil and remained unchanged at 2.2% of the total net loans, it said.
Bank Negara added that financing to the private sector through banking system loans and private debt securities (PDS -bonds, notes, loan stocks and commercial papers) outstanding increased at an annual rate of 10.9% in February.
“Gross financing raised by the private sector from the banking system and capital market amounted to RM45.2bil in February,” it said.
During the month, net funds raised in the capital market recorded a net redemption of RM3.9bil.
In the public sector, gross funds totalling RM10.5bil was raised through the issuance of 10-year Government Investment Issues and 3.5-year Malaysian Government Securities.
Meanwhile, gross funds raised by the private sector were higher at RM1.9bil.
The bulk of PDS issuances was to finance new activity and for refinancing purposes.
By TheStar
In February, loan applications and approvals rose to RM33.1bil and RM18bil respectively. However, the overall loans approval for the period still showed a negative annual growth of 15.9%.
The loan-to-deposit ratio was hovering at 73.6%.
Bank Negara in its February’s monetary and financial development report on Tuesday said the increase in the amount of loan applications was primarily from business sectors such as education, health and real estate. Business loan disbursements on the other hand, had moderated.
“For the household sector, the amount of loan applications and approvals was relatively stable on a month-on-month basis, supported by demand for housing loans. Loans disbursed to the household sector, especially for consumption credit, moderated during the month. Household loans outstanding expanded by 9.1% as at end February,” it said.
The credit market in Malaysia started to tighten after the Lehman Brothers’ collapse. In November, loan activities showed a very small sign of stabilisation but the one-month uptick was unsustainable, as global financial crisis continued to deteriorate. Thus, domestic financial institutions became more cautious on lending.
Apart from this crisis of confidence, Bank Negara has repeatedly assured that the banking system in Malaysia remained sound, with risk-weighted capital ratio and core capital ratio improving to 13% and 11.1% respectively in February. The net non-performing loans (NPL) amounted to RM15.8bil and remained unchanged at 2.2% of the total net loans, it said.
Bank Negara added that financing to the private sector through banking system loans and private debt securities (PDS -bonds, notes, loan stocks and commercial papers) outstanding increased at an annual rate of 10.9% in February.
“Gross financing raised by the private sector from the banking system and capital market amounted to RM45.2bil in February,” it said.
During the month, net funds raised in the capital market recorded a net redemption of RM3.9bil.
In the public sector, gross funds totalling RM10.5bil was raised through the issuance of 10-year Government Investment Issues and 3.5-year Malaysian Government Securities.
Meanwhile, gross funds raised by the private sector were higher at RM1.9bil.
The bulk of PDS issuances was to finance new activity and for refinancing purposes.
By TheStar
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