Chart of the Day: Loans to financial sector up 19.1%

It formed 19% of all system loans.

This chart from Maybank shows that year-to-date, only the loans for financial institutions and business services sectors showed double-digit growth.

Financial institution lending showed a significant increase at 19.1% YoY in May, forming around 19% of system loans and 26% of corporate loans.

To recall, system loan growth moderated to 0.4% MoM/5.1% YoY in May.

Meanwhile, business services loans rose 17.1% YoY. However, lending to business services sector is not significant, at 2% of system loans.

On the other side of the coin, only loans to manufacturing and agriculture recorded a growth deceleration YTD, decreasing by 2.2% and 9.2%, respectively.