Malaysian banks have the lowest bad loans in at least 17 years. They shouldn’t get used to it. While the lenders’ non-performing ratios are at the lowest levels in data going back to 1998, they’ve begun ticking up and Standard & Poor’s reckons they will keep doing so.
“Loan quality is possibly at a cyclical peak,” said Ivan Tan, an S&P credit analyst in Singapore. “The non performing loan ratio is probably as good as it can get.”
Borrowers have binged on a record RM1.37 trillion (US$360bil) of loans, encouraged by a jobless rate which was close to a 1990s low last year. But that’s since risen as Asia’s only major oil exporter grapples with a crude price rout, the prospect of higher US interest rates and troubles at a debt-laden state investment fund.
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“Loan quality is possibly at a cyclical peak,” said Ivan Tan, an S&P credit analyst in Singapore. “The non performing loan ratio is probably as good as it can get.”
Borrowers have binged on a record RM1.37 trillion (US$360bil) of loans, encouraged by a jobless rate which was close to a 1990s low last year. But that’s since risen as Asia’s only major oil exporter grapples with a crude price rout, the prospect of higher US interest rates and troubles at a debt-laden state investment fund.
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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