KUALA LUMPUR (Bernama) -- Malaysian banks' asset quality recovery is expected to be protracted beyond this year and is looking at returning to pre-COVID levels by 2023, said S&P Global Ratings.
South and Southeast Asia (SSEA) Financial Services Ratings director, Ivan Tan said this was because of the delayed economic recovery due to the third wave of COVID-19 which had negatively impacted the banks.
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