PETALING JAYA: Kuwait Finance House Malaysia Bhd (KFH) has set up a credit control department for the purpose of remedial management of its non-performing financing (NPF) level, which, as at September 2009, stood at 6.72%.
“The bank has implemented more stringent measures with regards to risk and compliance. With a strong remedial management and recovery team in place, as well as improved policies and procedures, it is enhancing its asset and credit quality and recovery,” KFH said in a statement to StarBiz yesterday.
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