Malaysian Household Financial Assets Grow Slower, Reaching RM3.56 Trillion in 2025
Malaysia's household financial assets rose to RM3.56 trillion in 2025, but growth decelerated to 6.2% from 8.7% the previous year, lagging regional and global rates.
Allianz Research reports that Malaysian household financial assets reached €769 billion (RM3.56 trillion) in 2025, expanding at 6.2%, a slowdown from the 8.7% growth recorded a year earlier and trailing both Asian and worldwide averages. The rise was led by insurance and pension products, which grew 11.1%, whereas securities and deposits grew only 2.8% and 2.3% respectively. Deposits and Employees Provident Fund savings still dominate, representing roughly 68% of total financial holdings.
Adjusted for inflation, real asset growth fell to 4.7% in 2025 from 6.7% in 2024, amounting to a 21.9% cumulative increase since 2019, below the regional 39.6% and global 22.9% gains. Household liabilities grew 5.6% to €360 billion (RM1.67 trillion), lifting net financial assets by 6.7% to €409 billion (RM1.89 trillion). Per-capita net financial assets stood at €11,370 (RM52,643.10), ranking Malaysia 39th worldwide.
