PETALING JAYA: It has become crucial for banks to maintain a strong impairment methodology and credit-risk grading system in line with Bank Negara’s newly released set of guidelines on the classification of non-performing loans (NPLs) and the provisioning for loan impairment.
Impairment provisions on loans are now required to comply with FRS 139, an accounting guideline which outlines the recognition and measurement of financial instruments. These guidelines supersede the previous BNM/GP3 guidelines.
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