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THE ringgit exchange rate against the US dollar strengthened to its highest level since February this year, boosted by improving local economic data and the greenback weakness.
June-July applications much higher than 2019 monthly average
PETALING JAYA: Banks, which largely recorded weaker second-quarter (Q2) earnings after booking significantly higher net provisions, will continue to be watched with the six-month loan moratorium coming to an end this month.
KUALA LUMPUR: CGS-CIMB Equities Research retained its Add call on Public Bank as it believes the bank is the most defensive among the local banks against the risks of a spike in loan loss provisions (LLP) in 2H20.
PETALING JAYA: RHB Bank Bhd does not expect another overnight policy rate (OPR) cut this year, and says it sees signs of business recovery.
KUALA LUMPUR: AMMB Holdings Bhd is expecting a loss of RM25mil in revenue for every 25 basis points (bps) cuts in the overnight policy rate (OPR), which has projected to be around 1.25-1.50 per cent for 2020.
Bank expects 50% loan volume compared to previous years
Lenders to remain in the black despite Covid-19 threat
JAKARTA, Aug. 4 (Xinhua): Indonesia's loan growth tumbled in the first semester this year along with a huge debt restructuring as the Covid-19 (coronavirus) pandemic nearly grounded business activities to a halt.