Finance Ministry: Loan approvals up 13pc in May after OPR slashed | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Finance Ministry: Loan approvals up 13pc in May after OPR slashed

Amirudin said the OPR cut was to ensure the nation’s economy continued to remain on the right track of sustainable growth with stable inflation. — Picture by Ahmad Zamzahuri

Deputy Finance Minister Datuk Amiruddin Hamzah said April’s loan approvals, a month before the OPR cut, recorded a decrease by one per cent compared with March. Elaborating further, Amirudin said for the period of April-May 2019, monthly growth in total loan payback was -6.8 per cent, while March-April monthly growth was -0.4 per cent.

Amirudin said the OPR cut was to ensure the nation’s economy continued to remain on the right track of sustainable growth with stable inflation, supported by strong financial intermediation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Finance Ministry: Sarawak govt has not officially respond on the RM1b loan offer | Malay MailKUALA LUMPUR, July 6 — The Sarawak state government has yet to provide any official feedback to the Federal government on the proposed loan offer, amounting to RM1 billion, which will be allocated for repairs of dilapidated schools in the state. The Finance Ministry in a statement today said the...
Source: malaymail - 🏆 1. / 86 Read more »