KUALA LUMPUR, March 29 — Up to a quarter of household borrowers have debt-to-service ratios (DSR) of over 60 per cent as of December last year, Bank Negara Malaysia said in its...
KUALA LUMPUR, March 29 — Up to a quarter of household borrowers have debt-to-service ratios of over 60 per cent as of December last year, Bank Negara Malaysia said in its 2022 Financial Stability Report even as it noted the risk of impairment remained low.
The number of borrowers with a risky DSR is one of four, which could be alarming. But because many are from middle to high income households, the risk of impairment remains low since these households would typically have larger buffers to meet the high loan commitments. Loans continued to grow in the second half of 2022, up by 5.9 per cent from 5.7 per cent in June as the economy recovered from the strict containment measures meant to tackle the Covid-19 pandemic.
BNM said credit growth continues to closely track household incomes as evidenced by the relatively stable median debt-to-income ratio at 1.5 times. It was 1.4 times in June 2022.
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