.BNM_official stress test shows Malaysian banks can withstand financial shocks
The latest top-down macro solvency stress test to evaluate the resilience of financial institutions was conducted by the central bank in early 2023 and covers a three-year horizon up to end-2025. “Overall, the results of the stress test affirm that banks can withstand significant macroeconomic and financial shocks and are well-positioned to sustain lending to businesses and households,” said BNM’s Financial Stability Review 2H 2022 released today.
In each of these scenarios, BNM fleshes out the potential impact on banks as a result of changes in the business environment. By the end of 2025, overall impairments would increase to 6.9% and 7.7% in AS1 and AS2 respectively. Household borrowers earning below RM5,000 – representing 65% of household borrowers – are projected to be at risk of default under both scenarios. Credit risk would be the main driver of losses. Over the three-year horizon, credit costs are projected to amount to RM53.
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