Moody’s sees stable outlook for banking system

  • Business Premium
  • Friday, 24 Jun 2011

KUALA LUMPUR: Moody's Investors Service sees a stable outlook for the Malaysian banking system over the next 12 to 18 months as a supportive operating environment and comfortable capital levels outweigh concerns over high household leverage and increasing margin pressure from competition.

“The healthy state of the operating environment, as reflected in our assumption that gross domestic product (GDP) will grow at 5% to 6% and unemployment will stay at around 3.3% in 2011 to 2013, underpins the sector's sustainability in earnings, based specifically on revenue growth and low provisioning costs,” said Moody's assistant vice-president Karolyn Seet said in a statement accompanying a report entitled Banking System Outlook Malaysia yesterday.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Bitcoin extends downtrend, falls 12.1% to US$47,176 Premium
Perodua targets to deliver 30,000 units in December Premium
CPO futures likely to trade higher next week Premium
Georgieva says examining all IMF research processes to ensure integrity Premium
Oil steadies, paring gains as rising COVID cases spur demand worries Premium
Omicron-fuelled volatility deals hedge funds worst monthly return since March 2020 Premium
US-listed Chinese shares take a hit as Didi to exit NYSE Premium
Didi shares plunge more than 20% on plan to delist from NYSE Premium
Wall St ends lower on Omicron worries, Fed taper angst Premium
Micro impact of new variant? Premium

Others Also Read