Cautious banking sector making provisions for 3Q, says BNM governor | TheStarTV.com

Cautious banking sector making provisions for 3Q, says BNM governor

Published on 13 Nov 2020 7:21:25 PM

During a virtual briefing for senior editors on Thursday, Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus said the prevailing adverse economic conditions have made the country's banking sector more cautious, and the sector is expected to continue making provisions for impairments in the third quarter (3Q) of 2020.

She said through the observation of the central bank, the banking sector has begun to make provision in 2Q of 2020, although BNM had suggested that the step was unnecessary.

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Keywords
bank negara, moratorium, nor shamsiah mohd yunus, impairment, provisions, covid-19

During a virtual briefing for senior editors on Thursday, Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus said the prevailing adverse economic conditions have made the country's banking sector more cautious, and the sector is expected to continue making provisions for impairments in the third quarter (3Q) of 2020.

She said through the observation of the central bank, the banking sector has begun to make provision in 2Q of 2020, although BNM had suggested that the step was unnecessary.

Read more at https://bit.ly/3ppfheK

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
bank negara, moratorium, nor shamsiah mohd yunus, impairment, provisions, covid-19

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