Local banking system to remain strong

MALAYSIA'S banking system is expected to remain strong and resilient on the back of a stronger capital base, further improvement in asset quality and robust loan activity despite the competitive environment, according to a Public Bank Bhd report. 

Public Bank Economic Review, a bimonthly published by the bank's economic division, said the increased strength of the banking system was due to several factors, including the success of the extensive reforms and measures pursued by Bank Negara after the fallout from the Asian financial crisis in 1997/98,