Turning Bad into Good: The Loan Road to Redemption

Exim Bank CEO/MD Dato' Adissadikin bin Ali discusses:

- Purpose - who it reports to funding sources;
- Cost of funds;
- Contrast with conventional lenders - differences;
- MoF - ‘special share’ - implications - details -- "phone calls from above";
- Accountability - EXIM's biggest deals;
- Details of clients -- GLCs - percentage of overall client base - value terms;
- AR 2011 - ‘tighter lending criteria’ - ‘more robust risk management framework’ - before and after situation;
- Reports of "weaknesses in loans management";  
- ‘Building a quality asset portfolio’;
- Transformation Plan - 4th year - progress;
- Exposure - overseas project financing: which projects and identity of the biggest clients;
- NPLs: 2012 Update;
- For 2011: Of 1.99 billion ringgit in loans, advances and financing, 880 million ringgit was bad i.e. 44 per cent of loans outstanding - reasons - recoverability - issues;
- Reason for high default rate;
- Recovery plan - details;
- NPL target - 2012;
- Business focus on “non-traditional markets” -- details.