Oversupply of commercial space to impact banking sector


PETALING JAYA: The oversupply of office space and shopping complexes would impact the banking sector negatively but not significantly, a CIMB Research report on banking says.

Quoting Bank Negara, which had held an analyst briefing in late September, the report drew attention to Public Bank Bhd, the largest financier of commercial space at RM78.7bil as at end-December 2017, 93% higher than Malayan Banking Bhd’s (Maybank) RM40.8bil.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , property , banking , mortgages , loans , supply , construction ,

   

Next In Business News

Powering on data centres
Medical insurance premiums on the rise
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Making scents of success
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact

Others Also Read