Banks’ asset quality remains sound, Bank Negara says

“Banks continued to maintain sufficient buffers against potential credit losses with total provisions (including regulatory reserve) at 125.1% of total impaired loans, ” it said on Tuesday.

KUALA LUMPUR: Banks’ asset quality remained sound in February with overall net impaired loans ratio remaining stable at 1%, Bank Negara Malaysia said.

“Banks continued to maintain sufficient buffers against potential credit losses with total provisions (including regulatory reserve) at 125.1% of total impaired loans, ” it said on Tuesday.