KUALA LUMPUR: The banking system recorded an excess capital buffer of RM133.3 billion in August 2023, Bank Negara Malaysia (BNM) said.
In August 2023 monthly highlights, the central bank said the capital position of Malaysian banks remained strong in their ability to withstand potential stress and provide credit to support economic activities.
In August, BNM said ongoing concerns surrounding the Chinese economic slowdown weighed on global financial markets. BNM said credit to the private non-financial sector grew by 3.8 per cent at the end of August from 3.8 per cent in July 2023, supported by higher growth in outstanding loans, the central bank said.
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