Malaysian banks well placed to manage weakening economy, outlook stable
A man walks past a Maybank branch at the Dayabumi Complex in Kuala Lumpur March 30, 2015. — Picture by Yusof Mat Isa
“The banks are well positioned to manage the challenges associated with Malaysia’s weakening economy and the vulnerable oil and gas, real estate and construction sectors, supported in particular by strong loan-loss reserves and solid capital ratios,” says Moody’s vice president and senior credit officer Alka Anbarasu.
Nevertheless, domestic private demand would remain supported by stable employment conditions and wage growth, said Moody’s in a statement here, today. Loan-loss reserves for most rated banks increased in 2018 following the adoption of Malaysian Financial Reporting Standard 9. “Despite weaker profit, banks can generate sufficient capital to support potential asset growth through risk-weighted assets optimisation and dividend reinvestment. Testifying to its resilience, the system-wide capital ratio still satisfies regulatory requirements even in a stress scenario,” it said.
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