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Malaysia financial sector seen growing 11pc
by hlk Wed 21 Dec 2011, 22:15
Within the next decade, Malaysian financial sector is expected to grow
between eight and 11 per cent annually, deepening the country's
financial system to six times of gross domestic product (GDP) in 2020,
from 4.3 times of GDP in 2010.
The financial institutions'
contribution is expected to increase, with banking sector assets rising
to almost three times of GDP, from 2.4 times of GDP in 2010.
By
2020, the landscape of the country's financial system is anticipated to
change significantly, where there will be increased importance of
existing institutions and emergence of new financial institutions,
including those with a greater regional and international focus.
This decade will see a shift towards more market-based financing.
between eight and 11 per cent annually, deepening the country's
financial system to six times of gross domestic product (GDP) in 2020,
from 4.3 times of GDP in 2010.
The financial institutions'
contribution is expected to increase, with banking sector assets rising
to almost three times of GDP, from 2.4 times of GDP in 2010.
By
2020, the landscape of the country's financial system is anticipated to
change significantly, where there will be increased importance of
existing institutions and emergence of new financial institutions,
including those with a greater regional and international focus.
This decade will see a shift towards more market-based financing.
hlk- Moderator
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