PETALING JAYA: Malaysian banks are particularly vulnerable to deterioration in household health, given that the household sector accounts for about 57% of the banking system’s total loans, a report by Standard & Poor’s Rating Services (S&P) shows.
S&P analysts Ivan Tan and Deepali V Seth Chhabria said a prolonged run-up in housing prices and household debt in Malaysia had contributed to growing economic imbalances in the country.
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