According to the third quarterly financial reports recently published by 20 commercial banks, their average non-performing loans (NPLs) soared to 3.65 percent from 3.02 percent in the past one year.

These interventions fulfilled their purpose in the short term: households and businesses were not forced to default in large numbers, and, as of the end of 2021, banks had not massive increases in ...

Non-performing loans (NPLs) surpassed $2.5 billion at end-September, marking a sharp 29.5% increase for the quarter and a staggering 487% year to date. These upticks continue to stem from multi-family ...

Late 1980s-1992: Land and property asset prices shoot up. Companies embark on aggressive investment in land, heavily borrowing loans from banks by offering stock and land as collateral. Land prices ...

“The objective of this exercise is to ensure total recovery of all historical NPLs, and so we want to thank all our stakeholders and customers for their support in this process so far,” she added.

KOTA KINABALU: Wholly state-owned is confident in recovering its RM5bil in Non-Performing Loans (NPLs) within the next three years. Since the new Board and Management took charge in mid-2023 ...