It attributed the growth to stable household loan growth and a pick-up in corporate lending.
The research house said loan growth could be stronger if not for the blanket loan moratorium from April to September 2020, which resulted in lower loan repayments during the period and which have since resumed.
Maybank IB’s economics team projects a gross domestic product (GDP) growth of 5.1% for the year.
At the same time, it forecast aggregate core net profit to accelerate 19% year-on-year (y-o-y) this year and return on equity (ROE) to average a higher 8.6% versus 7.6% in 2020, improving to 9.2% in 2022.
It noted that fixed deposits had gradually repriced since the last rate cut in 2020 and should fully reprice this year.
‘Repaying personal debt always important issue for families’
Islamabad
February 17, 2021
Islamabad : Dr Ali Kemal, former Economic Policy Advisor, Federal SDGs Unit, Planning Commission, has said that repaying debt in Pakistan always was a pertinent issue for families.
Dr Kemal was addressing a webinar and launch of a study ‘Household debt and indebtedness in Pakistan: estimates and implications’ organised by Sustainable Development Policy Institute (SDPI) in collaboration with Sustainable Energy and Economic Development (SEED) here Tuesday.
Dr Kemal observed that a higher incidence of borrowing in Khyber-Pakhtunkhwa indicated in the report may suggest a better social capital in the province. He said that in view of the relationship between poverty and indebtedness in the country, a detailed study on the issue is the need of the hour for evidence-based policies.
From CARE Orient Paper & Industries announced that CARE has reaffirmed long term credit rating of the company to CARE A+ and short term credit rating of the company to CARE A1+. However, the outlook has been revised from Stable to Negative for both the ratings.
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