Bank earnings to improve in Q3 and Q4, says RAM Ratings

The rating agency says banks’ earnings had declined significantly in the second quarter.

The average pre-tax return on assets and return on equity of eight selected local banks fell to an annualised 0.7% and 6.8% respectively in the same period. In addition, the recently announced targeted extension of the loan moratorium beyond September for selected borrowers will also trigger another round of modification losses, although to a much smaller degree, Wong added.

“Despite the still benign GIL ratio, banks have been proactively building up their provisions in anticipation of heightened defaults next year.

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RAM Ratings: Malaysian banks’ earnings to improve in Q3, Q4 | Malay MailKUALA LUMPUR, Sept 3 — Malaysian banks’ earnings are likely to improve in the third and fourth quarters but profit performance may remain subdued amid an economic downturn and uncertain operating landscape, according to RAM Ratings. The rating agency said banks’ earnings declined...
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