Banks make allowance for loan losses


This robust provision, UOB Kay Hian (UOBKH) Research said, can potentially be utilised for any asset quality deterioration caused by the current inflationary environment.

PETALING JAYA: Following in the wake of the outbreak of Covid-19, Malaysian banks are sitting on extra cash in anticipation of pandemic-related loan losses.

This robust provision, UOB Kay Hian (UOBKH) Research said, can potentially be utilised for any asset quality deterioration caused by the current inflationary environment.

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