RAM Ratings said the banks’ financial results for 1Q were underscored by heftier loan impairment charges, as they proactively increased their loss-absorption buffers amid the challenging landscape.
KUALA LUMPUR: Domestic banks set aside more provisions for loan impairments in the first quarter ended March 31,2020 as they brace for more delinquencies when the six-month moratorium ends on Sept 30, according to RAM Ratings.
It said on Thursday, the banks’ financial results for 1Q were underscored by heftier loan impairment charges, as they proactively increased their loss-absorption buffers amid the challenging landscape.
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