Despite challenges, Malaysian banks have exhibited reasonably healthy profits and asset quality.
, for instance, has already set up a digital bank in the Philippines in January this year.
Imran Yassin said that liquidity remained ample in the sector with liquidity coverage ratio averaging at 150 per cent this year, while deposits had more or less outpaced loan growth. "Another contributing factor to earnings was the resilient fee-based income despite the softer capital market activities. The resilient fee-based earnings came from improved treasury activities as banks capitalised on the OPR cut in May,” he said.
The same scenario could also be seen in the general takaful segment which performed better than the conventional segment, he told Bernama. On the general insurance sector, the industry saw a dip in the first half of 2019 , shrinking 1.4 per cent year-on-year due to low penetration rates and escalating claims.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MB to blame for Kuala Terla evictions, says ex-DAP candidateM Manogaran claims Pahang MB taking revenge on those who voted for Pakatan Harapan in the January by-election. FMTNews KualaTerla
Read more »
M'sian banks fare well amidst fintech trends, global challengesThe country has 26 commercial banks, 16 Islamic banks, one international Islamic bank and 11 investment banks.
Read more »
None of us will live to see the gender gap closeCOMMENT | At the rate the currents trends are going, the overall global gender gap will only be closed in 99.5 years.
Read more »
Malaysians need to proactively promote unity, says religious councilPETALING JAYA: Malaysians need to be proactive and promote genuine acts of care to help the country unite, says the Malaysian Consultative Council of Buddhism, Christianity, Hinduism, Sikhism and Taoism (MCCBCHST).
Read more »
China plans to free up more cash for banks | The Malaysian InsightIn latest bid to ramp up stuttering growth, PM flags fresh cut to amount of cash that lenders must keep in reserve.
Read more »