PwC expects NPL sale to grow

KUALA LUMPUR: PricewaterhouseCoopers Malaysia (PwC) expects the sale of non-performing loans (NPLs) to grow further as more banks realise the benefits of such transactions, its senior executive director Lee Chui Sum said. She said currently, loans that had been non-performing for more than seven years and that were collateralised by real estate were fully provisioned in the banks’ books as a matter of prudence.

(14-01-2008 The Edge)

Promising Outlook For Maybank on Sale of NPLs

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)