Investment banks bullish on banking sector

PETALING JAYA: Maybank Investment Bank Bhd maintained its positive outlook on the banking sector following the release of Bank Negara Malaysia’s Financial Stability Review for the second half of 2023 yesterday.

“Nevertheless, a widespread deterioration in credit quality is not expected amid an improving growth outlook for the economy,” it said. “Moreover, household financial assets recorded a healthy growth of 5.8% versus 4.7% in June 2023, and was steady at 2.1 times total household debt,” it said.Maybank IB said the banking system remains sound, supported by factors such as total loans under repayment assistance programmes which improved to 2.4% of total banking system loans in H2 2023 from 2.

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