Non-residential mortgages no risk to banks

Gross impaired loan ratio still low at 1.46%

PETALING JAYA: Non-residential mortgages (NRMs) are not expected to pose any significant risk to banks as these only account for a small portion of the system’s total loans.

In a report to clients, CGS-CIMB Research said NRMs only accounted for some 12% of banks’ total loans and its gross impaired loan (GIL) ratio was low at only around 1.46% as of December last year.