KUALA LUMPUR: RAM Ratings expects the banking industry’s provision for allowance for impairments to remain elevated in the coming quarters as they continue to adopt a prudent stance.
The eight banks’ gross impaired loan (GIL) coverage (with regulatory reserves) and the industry’s common equity tier-1 capital ratios stood at a robust 114% and 14.6%, respectively, as at end-September, it said in a statement.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!