Malaysia hosts 18 Islamic banks

Source: Research and Markets.

The Malaysia Banking Sector Report 2017/2018 report from EMIS has been added to Research and Markets' offering.

The banking sector in Malaysia accounted for 4.7% of GDP in 2016, boasting assets worth 198.8% of GDP and a workforce equivalent to 3% of the total employed workers in the country in 2016. The sector was home to 27 commercial, 11 investment, and 18 Islamic banks and a diverse pool of non-bank financial institutions (NBFIs).

Household loans accounted for 56.8% of all loans extended in 2016. During the year, overall loan growth decelerated, reflecting fragile investor sentiments and a slowdown of the economy.

However, the banking system is stable and has been getting ready for the adoption of IFRS 9 in 2018, and the full Basel III framework in 2019. Supported by its banks, Malaysia aims to be a high-value added, high-income, and cashless economy by 2020, stated the report.

Companies mentioned in the report include Maybank, CIMB, Public Bank, RHB Banking, and AmBank.

Details:

Buy the report (August 2017)