Banks bump up provisions

More banks are issuing debt notes to be Basel III compliant

Lenders’ profits likely to be hit by sour loans from O&G sector

PETALING JAYA: Malaysian lenders are bracing for a hit to profits this year, as they bump up provisions for sour loans to the local oil and gas (O&G) services sector that has been battered by the slump in energy prices and cutbacks in projects.