Banks guided by loan regulations

WE refer to the letter “All to protect the bottom line” (The Star, Aug 1). We would like to thank the writer for sharing his concerns. On behalf of our member banks, The Association of Banks in Malaysia (ABM) would like to reiterate that the commercial banks in Malaysia have and will continue to offer financing to eligible home buyers.

Banks are generally guided by the various regulations that govern responsible financing as well as the risk framework on assessment of affordability and credit prudency. In addition, each bank would have its own internal policies in relation to its risk appetite when evaluating loan applications.