PETALING JAYA: Malaysia's largest banking group, Malayan Banking Bhd
(Maybank), has clarified that its exposure to the US$600mil (RM1.84bil) unsecured funding facility on which Vietnam Shipbuilding Industry Group (Vinashin) has recently defaulted is minimal and insignificant.
“Our exposure (to that facility) is actually very small relative to our group's assets it's not significant,” Maybank president and CEO Datuk Seri Wahid Omar said in a press briefing in conjunction with the company's AGM yesterday.
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