PETALING JAYA: Malayan Banking Bhd's (Maybank) prospects remain promising, underpinned by the successful sale of its second tranche of non-performing loans (NPL) and impending disposal of a third tranche comprising RM1bil unsecured NPL in the financial year ending June 30, 2008 (FY08). On Tuesday, the bank announced to Bursa Malaysia that it had entered into a conditional sale and purchase agreement with Standard Chartered Bank (HK) Ltd Alternative Investments and ORIX Leasing Malaysia Bhd for the disposal of a portfolio of secured consumer NPLs.
(11-01-2008 The Star)
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