Robust CASA, Loan Growth Fuels Banking Sector Into 2H
Robust CASA, Loan Growth Fuels Banking Sector Into 2H
The Malaysian banking sector exhibited significant growth in June 2024, with positive trends in loan growth and deposit expansion, according to reports by most brokinng houses.
根據大多數經紀公司的報告，馬來西亞銀行業在2024年6月表現出顯著增長，貸款增長和存款擴張呈積極趨勢。
Maybank, MIDF, and Kenanga all maintained a positive stance on the banking sector, highlighting robust loan growth and improvements in asset quality.
馬來亞銀行、MIDF和Kenanga都對銀行業保持積極立場，這凸顯了強勁的貸款增長和資產質量的改善。
Maybank was particularly optimistic about the continued upward trajectory in loans and CASA growth, maintaining a positive view on the sector with BUY ratings on AMMB, CIMB, Alliance Bank, Public Bank, HL Bank, and HLFG.
馬來亞銀行對貸款和CASA增長的持續上升趨勢特別樂觀，對該行業保持樂觀的看法，AmMB、CimB、聯盟銀行、大衆銀行、HL銀行和HLFG的買入評級。
MIDF also upheld a positive call, emphasising the resilient fundamental outlook and significant pickup in business loans.
MIDF還維持了積極的呼籲，強調了基本面前景的彈性以及商業貸款的顯著回升。
Kenanga reiterated an OVERWEIGHT rating, citing strong sequential business loan growth and steady deposit readings, while RHB maintained a NEUTRAL call but favoured banks with strong capital management themes, such as CIMB and AMMB.
凱南加重申增持評級，理由是商業貸款連續增長強勁，存款數據穩定，而盧旺達央行維持中性看漲期權，但偏愛具有強勁資本管理主題的銀行，例如CimB和aMMB。
Loan growth in the banking sector was driven by a surge in business loans and stable household loan growth. Maybank reported a faster 6.4% YoY growth in industry loans, with non-household loans expanding at a notable pace. MIDF highlighted a significant pickup in business loans, which grew by 4.9% YoY and 1.2% MoM, while Kenanga noted that business loans showed stronger numbers post-festive seasonality.
銀行業的貸款增長是由商業貸款的激增和穩定的家庭貸款增長推動的。馬來亞銀行報告稱，行業貸款同比增長6.4％，非家庭貸款以顯著的速度增長。MIDF強調商業貸款大幅回升，同比增長4.9％，環比增長1.2％，而Kenanga指出，節後季節性商業貸款的數量更強勁。
RHB also observed an acceleration in business loan growth to 6.4% YoY, aligning with the system trend.
RhB還觀察到商業貸款同比增長加速至6.4％，這與系統趨勢一致。
Deposit growth remained steady across the board, with CASA expanding faster than overall deposits. Maybank reported a 4.7% YoY growth in deposits, with CASA growing at 6.5% YoY. MIDF noted a slight contraction in deposits MoM but highlighted a 6.5% YoY growth in CASA. Kenanga observed that system deposits grew by 4.9% YoY, while RHB reported a 5% YoY growth in system deposits, indicating a tighter loan-to-deposit ratio.
存款增長全面保持穩定，CASA的擴張速度快於存款總額。馬來亞銀行報告存款同比增長4.7％，CASA同比增長6.5％。MIDF注意到存款環比略有收縮，但強調CASA同比增長6.5％。凱南加觀察到，系統存款同比增長4.9％，而RhB報告系統存款同比增長5％，表明貸款存款比率收緊。
Asset quality improved with a decline in impaired loans and a stable gross impaired loans (GIL) ratio. Maybank noted a decline in absolute impaired loans by 3.2% YoY and a GIL ratio trending towards pre-COVID levels. MIDF and Kenanga reported similar improvements in GIL ratios, with Kenanga noting an industry GIL ratio of 1.60%. RHB also highlighted improvements in system GIL and household GIL, reflecting stable asset quality.
隨着減值貸款的下降和總減值貸款（GIL）比率的穩定，資產質量有所改善。馬來亞銀行指出，絕對減值貸款同比下降3.2％，GIL比率趨於Covid之前的水平。MIDF和Kenanga報告了類似的GIL比率，Kenanga指出，行業的GIL比率爲1.60％。RhB還強調了系統GIL和家庭GIL的改善，這反映了穩定的資產質量。
The banking sector showed resilience against potential headwinds, with steady interest spreads and strong capital ratios. Maybank highlighted encouraging trends in loan growth and deposit expansion, supporting positive margins for banks.
銀行業表現出抵禦潛在不利因素的韌性，穩定的利差和強勁的資本比率。馬來亞銀行強調了貸款增長和存款擴張的令人鼓舞的趨勢，爲銀行的正利潤率提供了支持。
MIDF and Kenanga noted stable leading indicators and modest deposit growth, with Kenanga expecting the sector to remain resilient despite inflationary pressures. RHB observed stable capital ratios and a flat net interest margin (NIM) in 2Q24, indicating sound financial health.
MIDF和Kenanga注意到穩定的領先指標和溫和的存款增長，Kenanga預計，儘管面臨通貨膨脹壓力，該行業仍將保持彈性。RhB在24年第二季度保持穩定的資本比率和持平的淨利率（NIM），這表明財務狀況良好。
The Malaysian banking sector demonstrated robust growth potential in June 2024, supported by strong loan and deposit growth, improved asset quality, and stable financial metrics. Investors are encouraged to consider banks with strong fundamentals and favourable capital management themes, such as CIMB and AMMB, as highlighted by the investment banks.
在強勁的貸款和存款增長、資產質量改善和穩定的財務指標的支持下，馬來西亞銀行業在2024年6月表現出強勁的增長潛力。正如投資銀行所強調的那樣，鼓勵投資者考慮基本面強勁且資本管理主題有利的銀行，例如CimB和aMMB。
譯文內容由第三人軟體翻譯。