In a report, Moody’s Investors Service pointed out that the results for the first quarter of 2020 reported recently by the three largest banks by asset size in Malaysia pointed to growing pressure on profitability across the system, as a result of sharp increases in credit costs and contraction of net interest margins.
PETALING JAYA: A case of the worst is yet to come looms over banking institutions, even as analysts warn that a deterioration of asset quality will only be completely evident from next year onwards.
In a report, Moody’s Investors Service pointed out that the results for the first quarter of 2020 reported recently by the three largest banks by asset size in Malaysia pointed to growing pressure on profitability across the system, as a result of sharp increases in credit costs and contraction of net interest margins.
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