“We view the trend for industry risk in Malaysia as stable. We anticipate that domestic banks will maintain a healthy level of local currency deposits, reflecting banks' dominant retail presence, strong consumer confidence, and the country's high savings rate of about 30% of GDP, " S&P Global Ratings said.
KUALA LUMPUR: Malaysia's high level of stable core customer deposits supports the banking system but S&P Global Ratings cautions competitive pressure is likely to remain in the home market.
In its latest “Banking industry country risk assessment (BICRA): Malaysia” on Thursday, it said the pressure was reflected in decreasing margins and earning metrics.
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