S&P classified Malaysia’s banking sector in group four under its BICRA. Other countries in the group are New Zealand, Taiwan, Kuwait, Saudi Arabia, Iceland, Ireland, Poland, Slovenia, Spain and Mexico.
KUALA LUMPUR: Malaysia’s high level of stable core customer deposits support the banking system, but S&P Global Ratings cautions that competitive pressure is likely to remain in the home market.
In its latest “Banking industry country risk assessment (BICRA): Malaysia”, it said the pressure was reflected in decreasing margins and earning metrics.
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