Malaysia’s NPL rate at 2.2% compared to which country;

Thursday December 6, 2012

KUALA LUMPUR: The rate of housing non-performing loans (NPL) in Malaysia remains under control at 2.2%, the Dewan Negara was told Thursday.

Deputy Finance Minister Datuk Dr Awang Adek Hussin said that overall, the recorded NPL rate was similar to the trend in other countries in the region.

“Indonesia recorded a 2.1% NPL; Thailand, 2.7%; the Philippines, 2.4%; Singapore, 1.1%; and South Korea, 1.5%,” he said.

Awang Adek was replying to a supplementary question from Senator Datuk Muhammed Najeeb Abdullah on the percentage of NPL for housing loans in the country.

Meanwhile, answering the original  question from Senator Norliza Abdul Rahman on the impaired loans ratio for household loans in the banking system from 2009 to June 2012, Awang Adek said the rate was at 2.1%.

“The percentage of impaired loans also showed a declining trend over the past few years. For 2009, the rate was 4.3% while in 2010 it was 3.2%, and this dropped to 2.3% in 2011,” he added. – Bernama

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