Maybank Sells NPLs
Febraury 2008
In a bid to enhance asset quality, Malaysia's largest banking group, Maybank, is selling non-performing loans (NPLs) with a face value of US$422m or RM1.4bn to Standard Chartered Bank (HK) Ltd Alternative Investments and ORIX Leasing Malaysia Bhd. The NPLs are predominantly consumer loans secured by residential properties in Malaysia. Maybank sold NPLs with a face value of RM2.1bn (US$0.65bn) in 2007. It intends to dispose of yet another tranche of unsecured NPLs with a face value of RM1bn (US$0.31bn) in the financial year ending 30 June 2008.
In a bid to enhance asset quality, Malaysia's largest banking group, Maybank, is selling non-performing loans (NPLs) with a face value of US$422m or RM1.4bn to Standard Chartered Bank (HK) Ltd Alternative Investments and ORIX Leasing Malaysia Bhd. The NPLs are predominantly consumer loans secured by residential properties in Malaysia. Maybank sold NPLs with a face value of RM2.1bn (US$0.65bn) in 2007. It intends to dispose of yet another tranche of unsecured NPLs with a face value of RM1bn (US$0.31bn) in the financial year ending 30 June 2008.
posted by Toyers at
1:35 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home