On the 4Q results, Wong Yin Ching, RAM’s co-head of financial institution ratings said with an estimated 13% of banks’ loans under targeted repayment assistance or subject to restructuring and rescheduling, their true underlying asset quality has yet to surface.
KUALA LUMPUR: Malaysian banks’ earnings, which slumped last year due to sizeable pre-emptive provisions, should improve this year but their profit performance will likely remain clouded, RAM Ratings said.
In the rating agency’s Banking Quarterly Roundup 4Q 2020 issued on Thursday, it expected an improvement in earnings with an upward bias in the net interest margins (NIM) trajectory.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
