Financial assets of households up 7.3% in 2020

However, this Malaysian growth rate remained markedly below the regional average, as despite the Covid-19 crisis, gross financial assets of Asian (excluding Japan) households rose by a healthy 12.7% in 2020, even faster than in the already strong previous year (9.8%), said Allianz in a statement.

PETALING JAYA: The gross financial assets of Malaysia’s private households increased 7.3% in 2020 to €18,240 (RM87,782) per capita at the end of the year, according to the “Allianz Global Wealth Report 2021”.

However, this growth rate remained markedly below the regional average, as despite the Covid-19 crisis, gross financial assets of Asian (excluding Japan) households rose by a healthy 12.7% in 2020, even faster than in the already strong previous year (9.8%), said Allianz in a statement.