Insurance, pension sectors drive growth


Allianz said in its report that bank deposits also grew solidly by 5.2%.

KUALA LUMPUR: Malaysia demonstrated impressive growth in financial assets in 2023 with per capita net financial assets reaching €9,430 (RM43,618), according to Allianz Malaysia Bhd.

This achievement positions Malaysia firmly in the mid-range globally and within Asia, reflecting a positive trend in the country’s financial landscape, the company said in its latest “Global Wealth Report”.

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