KUALA LUMPUR, April 29 — Malaysia’s banking system remains well-positioned to support economic recovery, said Bank Negara Malaysia .
“Capital ratios declined marginally, mainly driven by valuation adjustments on available-for-sale financial instruments amidst rising bond yields,” it said in its monthly highlights-March 2022 report, which was released today. BNM said the banks’ provisioning levels remained high, as banks continue to be prudent, with loan loss coverage ratio of 133 per cent compared to an average of 129 per cent in 2020-2021.
On domestic financial markets, BNM said the conditions were tightened, following the increase in 10-year Malaysian Government Securities yields by 20.6 basis points, and the decline in the FBM KLCI by 1.3 per cent.
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