Banks gear up to face headwinds


Banking system

PETALING JAYA: With the banking sector’s dismal second-quarter performance, industry captains are not wasting any time as they gear up to navigate headwinds and improve bottom lines for this year and next.

Malaysian banks’ earnings have been weighed down by large modification losses, pre-emptive provisions and significant margin compression.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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!

   

Next In Business News

DC Healthcare expands footprint in major cities of Malaysia
Pansar gets RM269mil water treatment plant contract
7-Eleven Malaysia declares 2.7 sen per share dividend for FY23
AWC gets Hospital Kapar plumbing job worth RM17.8mil
Systech gets shareholders’ nod to proceed with capital exercise
Bursa Malaysia tracks Asian markets higher
China to keep interest rates at appropriate levels
Gold shines as Middle East tensions offset easing US rate-cut bets
Malaysian millennials lead as most financially literate generation
Oil stabilises after sharp drop on demand concerns, easing of Middle East tension

Others Also Read