Report: Maybank may not get full payment of loans

Fitch Ratings said Maybank's long-term IDRs and viability rating (VR) reflected its dominant franchise in Malaysia and able management team, which help to underpin its stable funding and liquidity position, sound capital buffers and steady earnings performance through business cycles.

PETALING JAYA: Malayan Banking Bhd (Maybank) may not be able to receive a full payment of loans taken by Singapore’s global environmental solutions company Hyflux Ltd, according to Nomura.

It was reported that Hyflux’s Tuaspring project received only one bid by the Oct 1 deadline, and that bid, put forth by utilities, marine, and urban development group Sembcorp Industries Ltd, was lower than Tuaspring’s book value of S$1.47bil (RM4.42bil).