Banks resilient enough to withstand crisis, RAM Ratings says

RAM Rating Services Bhd expects Malaysian banks to be resilient enough to weather escalating headwinds on both the domestic and global fronts which pose greater downside risks to their performances this year.

KUALA LUMPUR: RAM Rating Services Bhd expects Malaysian banks to be resilient enough to weather escalating headwinds on both the domestic and global fronts which pose greater downside risks to their performances this year.

Its co-head of financial institution ratings, Wong Yin Ching said banks have strong fundamentals and prudent risk management to weather the storm.