World Bank praises M'sian banking sector

Malaysia is a success story in terms of financial inclusion and quality of banking regulations and supervision, says the World Bank. (File pic shows a train passing the central bank building in Kuala Lumpur.)

KUALA LUMPUR: The World Bank has given a vote of confidence to Malaysia’s banking sector, saying it is poised for further growth next year, with strong prospects and profitability.

Jose de Luna Martinez, the bank’s senior financial economist, financial and private sector development vice-president, said the World Bank considered Malaysia a success story in terms of financial inclusion and quality of banking regulations and supervision.