Asia-Pacific banking sector to declare RM922bil dividends for FY22

KUALA LUMPUR: S&P Global Market Intelligence is projecting the aggregate dividend payout of the Asia-Pacific banking sector to grow at a slower pace of seven per cent year-on-year for the fiscal year (FY) of 2022 to US$209 billion (RM921.7 billion).

The lower growth forecast, compared to the 14.7 per cent growth in FY2021, was in view of the economic challenges worldwide, such as high inflation and slowing economic growth, it said in a note today.