NATIONAL asset management company (AMC), Pengurusan Danaharta Nasional Bhd, has been hailed as one of the more successful AMCs in East Asia in a study by Bank for International Settlements (BIS).
In a paper on public asset management companies in the region, BIS said since the regional financial crisis in 1997, Asian AMCs have taken over substantial volumes of non-performing loans (NPLS), amounting to some 6% to 20% of 2002 gross domestic product.
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