KUALA LUMPUR: RAM Ratings expects financing growth of Islamic banks to decline to below 5% in fiscal 2020, from 8.3% in 2019 due to the fallout from the Covid-19 pandemic.
Sophia Lee, RAM Ratings’ co-head of financial institution ratings said on Monday the decline tooked into account its expectation of a steep moderation of economic growth.
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!