Banks expected to be more prudent

AmBank Anthony Dass

PETALING JAYA: Businesses may find it harder to secure financing as banks are likely to turn more prudent in approving new loans, particularly for the small and medium enterprises (SMEs), warns AmBank Group chief economist Anthony Dass(pic).

At a time when more companies are facing cash flow constraints amid the somber business sentiment, Dass said that banks would be driven to mitigate risks given the challenging economic outlook ahead.