Bank Negara Malaysia said the banking system’s total capital ratio remained strong at 18.8 per cent in December 2022 compared to 18.4 per cent in June 2022.
Bank Negara Malaysia in its Financial Stability Review for the 2H 2022 said the banking system’s total capital ratio remained strong at 18.8 per cent in December 2022 compared to 18.4 per cent in June 2022, with capital buffers of RM134.8 billion in excess of the regulatory minimum.
BNM said Malaysian banks are still working on adopting key elements of the Basel III reforms package to further improve the risk-sensitivity of the capital framework, which would reinforce the capital strength of the banking system going forward. "Nevertheless, these valuations have not fully recovered to pre-pandemic levels, reflecting investor concerns over lingering uncertainties in the operating environment for banks in 2023.” said BNM.
"The healthy funding position of the banking system supported lending to households and businesses amid the ongoing economic recovery while ensuring that banks remained resilient against liquidity shocks, both over the short- and longer-term horizon,” said the report. This, coupled with write-offs of some legacy loans during the period, resulted in provisions recording a decline in 2H 2022, said BNM.
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