Malaysia’s overall loan growth eased to 4.7% year-on-year (YoY) in January 2026, slightly below the 4.8% YoY expansion recorded for full-year 2025.
Construction loans accelerated to 7% YoY, up from 6.6% YoY at end-December 2025, according to a report by Maybank Kim Eng.
Growth in working capital loans moderated to 1.1% YoY, down from 2% the previous month.
Within commercial property financing, loans for industrial buildings and factories strengthened, rising 12.2% YoY at end-January versus 11.6% YoY in December.
However, financing for land purchases slowed to 9.6% YoY from 11.4% YoY a month earlier.
Meanwhile, lending for commercial complexes continued to contract for the 14th straight month, declining 8.3% YoY, following an 8.8% YoY drop at end-2025.
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