Banking outlook seen rosy

After the doldrums, the sector is expected to pick up momentum in the second half of next year with a recovery in, among others, oil prices as well as a clear direction on US policies especially on its interest rates

PETALING JAYA: The Malaysian banking sector is sailing towards a rosy performance in 2017 as it is projected to register a better net profit growth this year amid a challenging business environment.

CIMB Research said most banks expect relatively stable conditions in 2017 compared with a year earlier, despite an anticipation for pressure on asset quality to persist.