BSN confirms freezing loan applications from oil and gas workers


As long as Tabung Haji isn’t investing in oil & gas.. hold on, that isn’t true…

Dateline 2016-01-21, TMI:

The government-owned Bank Simpanan Nasional (BSN) says it is tightening lending rules for loans to employees in the oil and gas sector.

A statement from the bank said this move was being made as a precautionary measure amid risks for the oil and gas sector which was faced with falling oil prices.

“The proposed tightening of loan and credit approvals is a temporary measure in line with the general expectations for prudent risk management,” the bank said in a statement today.

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This entry was posted on Saturday, March 12th, 2016 at 6:48 am and is filed under Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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