Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus said through the observation of the central bank, the banking sector has begun to make provision in the second quarter of this year, although BNM had suggested that the step was unnecessary.
KUALA LUMPUR: The Malaysian banking sector has been proactive in addressing the effects of Covid-19.
However, the prevailing adverse economic conditions have made it more cautious, and It is expected to continue making provisions for impairments in the third quarter (3Q) of 2020.
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