Anyone has any " real " idea why Maybank doesnt provide home loan to Genting Highlands projects ?
That's what the sales agent said
And fact checked with a Maybank loan officer, although no other reason provided except " high risk "
I mean really ???? Maybank doesnt do risky business, L.O.L.
At least even the most conservative bank @ Public Bank does provide loan in GH.
Anyone knows exactly why? Some insider news ? Political reason ?

Thanks

Singapore's The Straits Times reported that three Malaysian banks — Maybank, CIMB Bank Bhd and RHB Bank Bhd — were among some of the chief unsecured creditors of Genting Hong Kong.

According to the report, the banks have a combined exposure of US$600 million (RM2.5 billion), and huge provisions caused by the beleaguered cruise operator would have a huge impact on their profits and share prices.

Source: https://www.theedgemarkets.com/article/mayb...g-hong-kong-are

Not only maybank

So many projects in genting highlands. All of the projects?

Hmmnnn.. maybe this the reason.
Unless can vouch that many many years back, maybank does give out loan to GH projects ,