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S&P Global: Islamic banks to drive Malaysia’s overall banking growth
3 Jun 2021 | Thursday Source: Malay Mail
S&P Global Ratings expects the overall banking growth in Malaysia to be mainly driven by Islamic banks which have been growing at a robust pace in the past decade.
The credit rating agency said that the Malaysian banking sector loan growth was projected to be around six per cent in 2021, up from 3.4 per cent in 2020, while Islamic banking could easily double the loan growth at 10 to 12 per cent or even higher.
