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 Why Maybank doesnt give loan to Genting Highland ?

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Chanzeryl
post Feb 3 2023, 10:57 AM

On my way
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Junior Member
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Joined: Jan 2023
QUOTE(kenzotaj @ Feb 3 2023, 10:54 AM)
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
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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

 

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