BNM governor: Stage 2 loans in Malaysia falls to 5pc in 1Q 2023

KUALA LUMPUR, May 12 — Stage 2 loans in Malaysia had improved during the first quarter of 2023 (1Q 2023), declining to 5.0 per cent as more borrowers successfully transitioned...

KUALA LUMPUR, May 12 — Stage 2 loans in Malaysia had improved during the first quarter of 2023 , declining to 5.0 per cent as more borrowers successfully transitioned out of repayment assistance programmes, said Bank Negara Malaysia governor Tan Sri Nor Shamsiah Mohd Yunus.

Nor Shamsiah said the majority of borrowers exiting repayment assistance programmes continued to maintain good repayment behaviour with limited signs of difficulties. The Stage 2 loans ratio was introduced with the implementation of the MFRS9 standards beginning January 1, 2018.

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