Malaysian banks' absolute gross impaired loans up 4.6% in February

Overall GIL ratio is stable at just 1.63%.

According to Maybank Kim Eng, absolute gross impaired loans (GIL) rose 4.6% YoY in Feb 2017 but the overall GIL ratio continues to be stable at just 1.63% (1.61% end-Jan 2017). Loan loss coverage was marginally lower at 90.8% end-Feb 2017 versus 91.5% end-Jan 2017.

"Looking at absolute GIL for the HH segment, residential property absolute GIL rose 6.0% YoY while non-residential property GIL increased 10.5% YoY. Personal GIL rose 15.5% YoY but credit card GIL contracted 9.5% YoY. Auto GIL contracted 7.8% YoY. GIL ratios were nevertheless stable across the board, though higher MoM from auto, mortgages, non-residential property and personal loans," adds Maybank Kim Eng.