Provisions rise as banks brace for worst-case scenario


The stats that were released in the past week showed that total provisions for the whole banking sector continued to increase by 3.5% in May 2020 to RM844mil from the previous month.

THE trend of rising provisions in the banking sector during this uncertain economic period is evident in the most recent banking statistics released by Bank Negara.

The stats that were released in the past week showed that total provisions for the whole banking sector continued to increase by 3.5% in May 2020 to RM844mil from the previous month.

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