Household debt up slightly to RM1.22t

11 Oct 2019 / 16:06 H.

• Overall household debt increased slighly to RM1.22 trillion, accounting for 82.2% of GDP as at end-June 2019.

• However, the debt level has been moderating since 2015 following macro-prudential measures and financial literacy programmes introduced to rein in household levels.

• Household financial assets remain strong at RM2.63 trillion with the debt servicing capacity of household remained intact, supported by stable income and employment growth.

• The banking system’s loan quality remained sound with stable net impaired loans ratio of 1% as at end-July 2019.

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