May 30 2013, 10:30 AM
QUOTE(tikaram @ May 29 2013, 11:44 AM)
http://www.kinibiz.com/story/issues/22705/...-carlsberg.html
A huge RM43 billion problem over non-bank lending
A major problem is brewing in the financial services sector— specifically through the lending of development financial institutions (DFIs), non-banking financial institutions (NBFIs) and credit cooperatives. This is in the form of a near two thirds increase in personal financing last year by these non-bank institutions to RM43 billion last year.
Judging by Bank Negara Malaysia’s Financial Stability and Systems Report 2012, there are clearly issues which are getting out of hand, if unchecked.
tikaram,A huge RM43 billion problem over non-bank lending
A major problem is brewing in the financial services sector— specifically through the lending of development financial institutions (DFIs), non-banking financial institutions (NBFIs) and credit cooperatives. This is in the form of a near two thirds increase in personal financing last year by these non-bank institutions to RM43 billion last year.
Judging by Bank Negara Malaysia’s Financial Stability and Systems Report 2012, there are clearly issues which are getting out of hand, if unchecked.
Thanks for sharing this here.
I have most of my FDs with BRakyat and now this concerns me. I don't understand what is the problem mentioned in the report. Hope that you can help to clarify what is the problem mentioned in the report.
My lay person's understanding is, they have many personal loans and thus higher non performing loan potential. But my view is, these lenders are mainly govt servants and thus secured incomes for the loans.
Or something more serious?
Thanks.
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