The dividend payout ratios of domestic banking groups with financial years ending on Dec 31 ranged from 29% to 88%, markedly higher than the 19% to 77% in the previous year.
KUALA LUMPUR: Banks in Malaysia have paid out higher dividends for the financial year ended Dec 2019 against the backdrop of a cloudy outlook on loan growth and build-up of excess capital, RAM Ratings said.
The dividend payout ratios of domestic banking groups with financial years ending on Dec 31 ranged from 29% to 88%, markedly higher than the 19% to 77% in the previous year, it said in a statement on Friday.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
