Thursday, 28 May 2020 09:34 PM MYT
KUALA LUMPUR, May 28 — Moody’s Investors Service expects liquidity of Malayan Banking Bhd , CIMB Group Holdings Bhd and Public Bank Bhd to remain strong despite the Covid-19 pandemic, underpinned by deposit growth. “The banks’ strong loss-absorbing buffers will help mitigate the rise in asset risk, with loan loss reserves exceeding 100 per cent of impaired loans at most banks as of March 2020,” said Moody’s vice-president and senior credit officer Alka Anbarusa.
Meanwhile, it said asset quality was stable at Public Bank, which is more focused on the Malaysian market with 80-90 per cent of its loans under repayment moratoriums.
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