Uneven recovery in non-financial corporates, Bank Negara says

Under updated stress tests conducted by Bank Negara bank, banks are expected to remain resilient to potential economic and financial shocks that could still arise from the pandemic.

KUALA LUMPUR: While businesses have started to recover with the gradual easing of the Movement Control Order (MCO) since May, the recovery has been uneven, Bank Negara Malaysia said.

In its “Financial Stability Review – First Half 2020” report issued on Wednesday, it said the financial performance of Malaysian non-financial corporates (NFCs) deteriorated in the first half of 2020.