MDV eyes lower loan default rate

The 20-year contract secured by its unit Metro Parking Management Philippines Inc would also include the construction of an additional 208-bays of steel deck parking structure in MBP - a bustling business hub in the affluent suburb near Alabang Town Centre, one of Metro Manila

KUALA LUMPUR: Technology financier Malaysia Debt Ventures Bhd (MDV) is targeting to lower its net non-performing financing rate (NPF) to 4% this year from last year’s 9%.

This is to be achieved via improvements in MDV’s financing process, such as the restructuring or rescheduling of loans and repayments.