Banking outlook stable for this year

A gradual increase in interest rates, according to IHS Markit, would also support the sector as it would help banks improve net interest margins and profitability, Bernama reported.

PETALING JAYA: The outlook for the Malaysian banking sector for 2022 is stable as economic activities are expected to return to pre-pandemic levels, leading to more jobs and higher wages.

A gradual increase in interest rates, according to IHS Markit, would also support the sector as it would help banks improve net interest margins and profitability, Bernama reported.