Number of banks reached 42.0 banks in 2019 in Malaysia, according to the National Central Bank. This is the same as in the previous year.
Historically, number of banks in Malaysia reached an all time high of 43.0 banks in 2012 and an all time low of banks in. When compared to Malaysia's main peers, number of banks in Cambodia amounted to 47.0 banks, 132 banks in Singapore, 30.0 banks in Thailand and 46.0 banks in Vietnam in 2019.
Malaysia has been ranked 39th within the group of 140 countries we follow in terms of number of banks, 6 places above the position seen 10 years ago.