BNM: Credit to private non-financial sector grows 3.7pct at end-April

Credit to the private non-financial sector grew by 3.7 percent at end-April, mainly due to slower growth in credit to businesses (2.4 percent; March: 3.2 percent), said Bank Negara Malaysia (BNM). 

In its April 2023 monthly highlights report, BNM said outstanding business loans grew slower than 1 percent in April 2023 compared with 2.4 percent in March 2023 amid weaker growth in working capital loans, particularly in the non-SME segment...