Banks continue to provide financing to viable businesses


Dateline 2017-12-12, FMT:

Banks will continue to provide access to financing for viable businesses, including the oil & gas (O&G) sector.

The Association of Banks in Malaysia (ABM), in a statement today, said this in response to a report on Sunday in Edge Malaysia titled “Oil and Gas Conundrum”.

ABM, which comprises 27 banks, said all O&G cases have been given due consideration.

“Credit evaluation is conducted on O&G companies similar to loan applications by any other industries.

“Feasibility studies, such as stress test analyses, due diligence and credit evaluation, are conducted as part of the standard assessment procedure to determine eligibility and viability.

 

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