Headwinds remain for banking sector


Banks

The Malaysian banking sector is the pillar of the economy as it is the engine of growth when it comes to providing financial and lending facilities to both businesses and consumers. As a percentage of GDP, it contributes about 5% to the nation’s economic pie.

The banking sector is also a huge component of the local stock market, accounting for about 20% of the market’s total market capitalisation of RM1.7 trillion and as part of the benchmark index, its share is more than one-third.

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