With the rising number of coronavirus cases and the continued conditional movement control order (CMCO), concerns remain on repayment of loans and whether banks have made enough provisions to absorb any (loan) losses that may unfold due to the pandemic.
PETALING JAYA: Banking stocks, which rallied recently following positive news on Covid-19 vaccines and waning interest in glove makers, came under selling pressure yesterday.
With the rising number of coronavirus cases and the continued conditional movement control order (CMCO), concerns remain on repayment of loans and whether banks have made enough provisions to absorb any (loan) losses that may unfold due to the pandemic.
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