Malaysian banks' gross impaired loans ratio stable at 1.67%

GIL ratios were stable across most asset classes.

Maybank Kim Eng reported that Malaysian banks' absolute gross impaired loans (GIL) rose 6.5% YoY in September versus 6.4% YoY in August, but the overall GIL ratio was stable at 1.67%, as was the loan loss coverage at 81.2%.

"The GIL ratios were stable across most asset classes, improving QoQ across most consumer segments, to balance off against a marginal rise in the GIL ratio for construction to 7.14% from 7.09% in Aug 2017," said Maybank Kim Eng.