BNM closely monitoring elevated household debt level, notes banks' prudency in loan approvals

KUALA LUMPUR, July 29 — Household debt stood at RM1.65 trillion as of the end of March, equivalent to 84.3 per cent of the nation’s gross domestic product (GDP).

KUALA LUMPUR, July 14 — GX Bank Bhd said the overnight policy rate (OPR) cut to 2.75 per cent from three per cent could potentially address the household debt service ratio while providing a reprieve in disposable income.

KUALA LUMPUR, Feb 27 — The national household debt, which stood at RM1.63 trillion at the end of 2024 — equivalent to 84.2 per cent of the gross domestic product (GDP) — was much lower than household financial assets, said the Finance Ministry (MOF).

KUALA LUMPUR, Dec 9 — The government should ensure the country’s household debt-to-gross domestic product (GDP) ratio at 65 or 70 per cent, said Senator Mohd Hasbie Muda.

KUALA LUMPUR, July 12 — The credit exposure, or total outstanding balance, of the Buy Now Pay Later (BNPL) industry stood at RM1.42 billion in the first quarter, an increase of 34 per cent from the end of 2023.

By Selangor Journal Team  SHAH ALAM, March 19 — Malaysian households are RM1.53 trillion in debt as of the end of 2023, with housing loans constituting the largest portion at 60.5 per cent.  Finance Minister Datuk Seri Anwar Ibrahim said this is followed by vehicle loans (13.2 per cent),...

BANGKOK — Kavita Wongyakasem runs a small business in Bangkok, owns a two-storey house on the outskirts of the Thai capital, drives a pick-up truck, and sends her two daughters to good schools.

WASHINGTON, Aug 3 — US household debt topped US$16 trillion (RM71.3 trillion) in the second quarter as rising prices led to a surge in the mortgage, auto loan, and credit card balances, Sputnik quoted a report by the Federal Reserve Bank of New York on Tuesday.

By Jerry Choong SHAH ALAM, July 14 — The Federal government must take the necessary steps to handle the country's household debt, as an estimated 32,000 Malaysians face bankruptcy if the interest rate further increases in the coming two years, said Opposition leader Datuk Seri Anwar...

KUALA LUMPUR, Sept 28 — As of the end of June 2021, 12.8 per cent of household loan accounts, or 16 per cent of outstanding household loan exposures, were under a repayment assistance plan with borrowers earning less than RM5,000 monthly forming two-thirds of these loan accounts.

KUALA LUMPUR, May 17 — The total global debt rose a record US$24 trillion in 2020, pushing global leverage up a staggering 34 percentage points to a new high of 366 per cent of gross domestic product (GDP).

KUALA LUMPUR, April 3 — The ringgit is likely to move range-bound with a downside risk next week between 4.1350-4.1470 amid potentially better oil prices and concern over a slower economic recovery.

KUALA LUMPUR, April 3 — Measures introduced by the Federal government and Bank Negara Malaysia (BNM) in response to the Covid-19 pandemic is expected to support households and provide them with temporary financial relief.