Malaysia’s household financial asset growth eases to 6.2% in 2025
Household liabilities increased 5.6% to €360 billion (RM1.67 trillion), according to Allianz Research.
Malaysian households held €769 billion (RM3.56 trillion) in gross financial assets in 2025, with growth slowing to 6.2% from 8.7% a year earlier, according to Allianz Research’s 17th Global Wealth Report.
The Malaysian increase lagged both the global rate of 8.6% and the 9.8% average among Asian markets surveyed, excluding Japan and China. The study covers household assets and debt in almost 60 countries.
Assets expanded faster than household liabilities, which rose 5.6% during 2025. Allianz Research put net financial assets at €409 billion (RM1.89 trillion), an increase of 6.7%.
Insurance and pension holdings led Malaysia’s asset growth with an 11.1% increase. Securities rose 2.8%, while deposits increased 2.3%. Together, deposits and Employees Provident Fund savings represented 68% of household financial assets.
After adjusting for inflation, Malaysia’s financial assets increased 4.7% in 2025, against 6.7% in 2024. Their cumulative real gain since 2019 was 21.9%, below the global increase of 22.9% and the 39.6% recorded across the Asian markets surveyed, Allianz Research said.
Malaysia placed 39th in the report’s ranking, with €11,370 in net financial assets per person. Singapore was fourth, at €192,840 per person. Globally, household financial assets totalled a record €268.4 trillion in 2025, with securities recording the fastest growth at 12.4%.
