Risks to financial stability, however, remain largely contained given the low exposures of banks to higher-risk borrowers. ”Although most households continue to be able to comfortably service their debt, pockets of risks remain, ” Bank Negara said.
PETALING JAYA: Expensive property prices continue to put a heavy burden on the lower income group, placing homeowners with high mortgages among the most vulnerable to potential financial shocks.
Bank Negara, in its half-year financial stability review, said while the share of household debt held by borrowers earning less than RM3,000 per month has declined, the leverage of these borrowers had, however, risen steadily.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
