Malaysia's banking sector is expected to record a pre-tax profit of RM25 billion this year compared with the estimated RM23 billion for last year, said RAM Rating Services Bhd.
Its head of financial institution ratings, Promod Dass, said this would be driven by domestic demand and the implementation of the Economic Transformation Plan projects.
"Our stable banking sector will continue with its strength," he told a media briefing on RAM's banking sector update 2011 here today.
Its head of financial institution ratings, Promod Dass, said this would be driven by domestic demand and the implementation of the Economic Transformation Plan projects.
"Our stable banking sector will continue with its strength," he told a media briefing on RAM's banking sector update 2011 here today.
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