RAM Ratings: Malaysian banks resilient enough to weather storm in 2020
“Escalating headwinds on both the domestic and global fronts pose greater downside risks to the performance of banks this year, even though we believe that Malaysian banks – with their strong fundamentals and prudent risk management – will be able to weather the storm,” observes Wong Yin Ching, RAM Ratings’ Co-Head of Financial Institution Ratings. While we have maintained a stable outlook on the Malaysian banking sector for 2020, we highlight that banks face heightened uncertainties and challenges in the still evolving economic landscape. Key expectations for the sector are outlined in RAM’s Banking Insight. These include:
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