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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Banks , provisions , loan losses ,

   

Next In Business News

Moving house with pets in tow
Navigating residential foreclosures
Are TODs triggering ridership?
Ringgit set to continue bullish bias vs US dollar next week
Oil ends week higher as investors weigh Fed rate cut
Room for growth in travel and hospitality
Outsourcing public projects for a win-win solution
Mida inks research collaboration deal with MIER
Propelling new adventures in aviation
Big cut and big moves

Others Also Read