KUALA LUMPUR: The net financing growth increased to 4.4% in November from 4% in October, driven by higher growth in outstanding loans, while outstanding corporate bond growth moderated to 4.8% from 5.9% in October, says Bank Negara.

       In its monthly highlights for November 2021, the central bank said the growth in outstanding household loans increased to 4.1% (October: 3.7%) amid higher loan disbursements for credit card spending and the purchase of residential properties and passenger cars.

       “For businesses, outstanding loan growth increased to 4.8% (October: 3.1%) amid continued growth in outstanding working capital loans,” it said.

       The central bank also said banks remained well capitalised to withstand potential stress and to support credit growth in the economy.

       As of the end of November 2021, the banking system’s excess capital buffers stayed strong at RM122.3bil.