KUALA LUMPUR, Sept 4 — Domestic banks reported better performances in the second quarter 2024 (2Q 2024), driven by a mild recovery in net interest margins (NIMs) and lighter...
PM Anwar on two-day working visit to Russia beginning tomorrow; meeting with Putin, bid to join Brics highlights of trip
Survey: Nearly half of Malaysians feel like a minority in workplace, Gen X workers feel employers always overlook their contributionsThe eight selected banks are Affin Bank Bhd, Alliance Bank Malaysia Bhd, AMMB Holdings Bhd, CIMB Group Holdings Bhd, Hong Leong Bank Bhd, Malayan Banking Bhd, Public Bank Bhd and RHB Bank Bhd.
Co-head of Financial Institution Ratings Wong Yin Ching said the banks have been managing their funding costs actively by shedding expensive deposits to improve margins. “Rebound in business loan growth which began in late 2023 was largely sustained through 1H 2024, supported by the strong underlying economy,” she said.“The system’s gross impaired loan ratio was a low 1.60 per cent as at end-June 2024 .
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