Malaysia

They are likely to deteriorate deeper should governments fail to mitigate fiscal risks.

Small banks could lose market share as digital newcomers target underserved segments.

CIMB Group Holdings Berhad has appointed Abdul Rahman Ahmad as new group CEO/executive director for CIMB and CEO/executive director for CIMB Bank Berhad, effective 10 June.

Only 6-9% of customer finish applying for a non-fully digital account opening service.

There’s just little banks can do to encourage people to take out loans.

They are charging 0.5% from merchants who use their services as subscriptions soar.

About 4.7 million adult locals currently have a digital-only account.

The regulator has yet to order a delay in doing so.

The sector has enough liquidity to buttress embattled businesses.

Credit growth is likely to flatline this year from the record low of 3.9% in 2019.

The bank has given a six month moratorium on loan repayments for affected customers.

Zafrul Aziz left to assume the Malaysian finance minister role.

All financing facilities based on BLR and BFR will be slashed 0.25%.

Asset quality problems may become permanent if disruptions persist.

The central bank slashed OPR to 2.5% amidst the virus’ global and domestic impacts.

Provisions declined with Q2 2020 net credit cost at 5bp.