SINGAPORE (Mar 5): Most Malaysian banks are setting moderate loan growth targets for this year as they remain cautious after falling short of their growth targets for the financial year ended Dec 31, 2017 (FY2017).

Malayan Banking (Maybank), the country’s largest lender by assets, is targeting a loan growth of 4% for FY2018, similar to that achieved last year, after failing to meet the 6% target in FY2017.

Maybank group president and CEOAbdul Farid Alias believes the shortfall in FY2017 loan growth was due to the corporates preferring to raise funds from the bond market rather than the loan market owing to lower rates.

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