Maybank’s exposure to Vinashin still unclear

PETALING JAYA: It is unclear at this point how Malayan Banking Bhd (Maybank), which participated in state-owned Vietnam Shipbuilding Industry Group's (Vinashin) US$600mil eight-year funding facility three years ago, would be affected by the latter's failure to make the first loan repayment, which became due on Dec 20.

The shipbuilder also failed to meet the extended deadline of Dec 23 for US$60mil in principal payment to foreign creditors.