Bank Negara Malaysia will announce the 5 digital banks in the 1st quarter of 2022. It's a very crowded race with 29 applicants but what does this mean for conventional banks? Will they see an erosion of market share and profitability? Clement Chua, Senior Equity Analyst of Kenanga Group gives us his views whilst telling us his top picks for the sector.

Image credit: Shutterstock.com

Produced by: Moh Heng Ying

Presented by: Wong Shou Ning, Philip See

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Categories:  Business Analysis,  Trends and Forecasts,  Markets,  Politics,  Social Issues,  Personal Finance,  Investments,  Financial Literacy,  law & legal matters

Tags:  Digital banking,  Conventional banking,  Malaysia,  Banking sector,  Outlook,  Performance,