Tag: banking sector
The Malaysian Commercial Banks Association says this is a necessary direction if banks wish to remain relevant.
The bank attributes its profitability to healthy loan and deposit growth.
This is against 5.5% in January, TA Research says.
Malaysian banks recorded a 6.8% year-on-year growth in earnings in 2018.
Ramon Navaratnam believes local banks are now strong enough to face more competition, which will benefit the business environment.
The National Union of Bank Employees says government agencies are allowing banks to exploit and lay off workers in the name of increasing the use of technology at the workplace.
The credit rating agency says pace of non-performing loans is stable but the increasing oversupply of commercial space may have an adverse effect on banks.
The deputy finance minister II gives reasons as to why the freeze on approvals for ‘luxury’ properties is needed, including that the government wants to improve supply of affordable housing.