Hire purchases, residential mortgages and unsecured loans continue to chart impressive figures, says MIDF Research.
MIDF Research foresees headwinds related to deposit competition, asset quality and provisioning for the second half of 2023.
However, it also said banks have made preparations by rolling out a stronger corporate loan pipeline, lighter operating expenses and steady non-interest income outlook to buoy the sector. While there was some weakness in business loans, the research house attributed it to the high base effects from last year.
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