Friday, 12 July 2013

Moody's: Malaysian banks benefit from tightened lending criteria

Moody’s Credit Outlook said the Bank Negara Malaysia’s (BNM) lending measures is expected to be credit positive for Malaysia’s three largest Malaysian banks by total assets - Malayan Banking Bhd, Public Bank Bhd and CIMB Bank Bhd. “With their dominant branch networks, these banks will continue to have scale advantages that will help them price their loans more competitively than smaller banks.
  • “Of the three, Maybank and Public Bank have recorded above-industry growth in their household loan portfolio over the past three years,” it said. On July 5, BNM announced a set of measures to tighten lending criteria, curb excessive household debt and reinforce responsible lending practices by credit providers. (Starbiz)




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