Greatest threat for Malaysian banks - property loans
PETALING JAYA: The latest report by Moody’s Investors Service has set off alarm bells over the direction of Malaysia’s financial system, after the ratings agency called property loans the greatest threat for Malaysian banks.
The worrying remark in Moody’s 2019 outlook report for Asia-Pacific banks came after Bank Negara’s constant assurance that the domestic property loans are sound, with the industry’s gross impaired loans kept under control.
Citing the latest stress test findings, the central bank said in September that the Malaysian financial sector would likely remain resilient under severe macroeconomic and financial strains.
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