Banks take wary stance after latest results season

MIDF Research said balance sheets of banks are expected to stay resilient this year.

PETALING JAYA: The banking sector in Malaysia has alternated towards a more cautious outlook after its latest results season, according to MIDF Research.

In its Awaiting The Cuts 2QCY24 Market Outlook report, the research firm said the switch to a more prudent stance was more noticeable from its net interest margin (NIM) whereby most banks had recorded a stable-to-slight contraction due to more competitive loan yields.