PMB Tijari Has No NPF Issues – Utusan Malaysia

KUALA LUMPUR: PMB Tijari Berhad, a subsidiary of Pelaburan Mara Bhd. (PMB), expects no significant increase in its non-performing financing (NPF) ratio following the end of the Recovery Movement Control Order (RMCO) in August.

According to PMB Tijari CEO, Wan Sazriz Wan Zaid, although the institution did not adopt the Bank Negara Malaysia (BNM) moratorium guidelines, PMB Tijari has continuously monitored and engaged with its borrowers who have benefited from its financing.

He stated that PMB Tijari remains highly understanding and flexible, especially toward borrowers facing challenges due to the previous MCO and the current uncertain economic situation.

“So far, our NPF rate is very minimal because we understand the difficulties our clients are facing.
Recovering funds is our last resort—we don’t want it to go as far as legal action that could bankrupt a company.”

“We always strive to collaborate with borrowers to ensure repayments happen. Only about three percent of our borrowers are facing serious issues,” he said to reporters yesterday.

He added that after reviewing the borrower portfolio post-MCO, the company found that most contracts and projects were progressing smoothly.

“So, I don’t see any issues with repayments,” he added.

Focus on Supporting Impacted Sectors

Wan Sazriz also said that PMB Tijari will focus on providing financing to sectors most affected by the MCO and the Covid-19 outbreak, such as:

• Automotive

• Rail

• Construction

• Oil and Gas

• Logistics

“This year, we’re targeting to allocate RM100 million, and so far, 40% of that has already been disbursed to six companies.”

“PMB Tijari also plans to increase the financing ceiling to RM10 million per entrepreneur, compared to the previous range of RM500,000 to RM5 million,” he said.