Moody’s: Banks face higher risk of asset deterioration


According to Moody’s, there could be an increase in banks’ impaired loans after the moratorium ends, especially if the Covid-19 outbreak is prolonged.

PETALING JAYA: Banks in Malaysia now face a higher risk of asset deterioration as a result of the recently introduced six-month debt moratorium.

According to Moody’s, there could be an increase in banks’ impaired loans after the moratorium ends, especially if the Covid-19 outbreak is prolonged.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Banks , Covid-19 , Moody's , asset , deterioration ,

   

Next In Business News

Pasukhas climbs 35% on contract news
Ringgit jumps 225 basis points at opening on mixed US economic data
Sustained buying interest boosts FBM KLCI
Trading ideas: Pasukhas, BHIC, JAKS, Protasco, Sarawak Cable, Epicon, Annum, Yinson, Ajinomoto
New warehouses poised to propel Tasco
Australian airport project expected to fuel PGF’s earnings
Epicon exits PN17 category
Duopharma’s new RM578mil contracts a positive
IOIProp to gain from higher wages
BHIC bags Navy submarine job from Mindef

Others Also Read