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.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: