Stable outlook for banking sector

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The story "Stable outlook for banking sector" was covered 9 hours ago by The Star, a news publisher based in Malaysia.

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The Star 9h ago

Stable outlook for banking sector - The Star

Quick Summary:

The prospects of the local banking sector remain largely stable with credit demand expected to improve and deterioration in asset quality staying manageable.

The firm noted that Malaysian banks’ asset quality is closely correlated to employment levels, given a large share of household loans.“High household leverage poses some risk, in our opinion.

Ng added the allocation of RM20bil and RM10bil for the Syarikat Jaminan Pembiayaan Perniagaan (SJPP) financing and Housing Credit Guarantee Scheme (SJKP) respectively will spur loans growth among individuals and businesses.