S&P: M sian banks can withstand tougher conditions thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: Malaysian banks can ride out tougher conditions this year amid a slowdown in the country's growth rate and weaker borrowing appetite, said S&P Global Ratings.
Outlook on banking sector positive but focus on big players
The larger private sector banks are expected to emerge stronger from the pandemic as they strengthened liquidity, made adequate provisions and shored up their capital to weather the crisis, says Unmesh Kulkarni of Julius Baer India.
. Unmesh Kulkarni January 09, 2021 / 09:22 AM IST
With the pandemic setting in the first half of the year 2020, the banking sector was the obvious and immediate victim of the economy s collapse and bore the brunt of the selling in the stock markets. Even as the markets bounced back over the next couple of quarters, the banking sector continued to underperform, with investors preferring to be cautious during lockdown due to uncertainty regarding slippages and asset quality of banks.