Asset quality of P2P players remain intact


DESPITE the onslaught of the Covid-19 pandemic, some peer-to-peer (P2P) lending platforms have been able to ensure their asset quality remains sound.

Major players such as Funding Societies Malaysia and Fundaztic tell StarBizWeek their risk management strategies have proved effective in helping to keep the default rates of their funds stable at a time when so many businesses are struggling.

Get 30% off with our ads free Premium Plan

Monthly Plan

RM9.73/month

Annual Plan

RM8.63/month

Billed as RM103.60/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

asset , quality , P2P , players , intact , Kelvin Foo , risk management , rates ,

   

Next In Business News

Nestle Malaysia names Wan Zulkiflee Wan Ariffin as new chairman
Ringgit likely to hit 4.20-4.40 against US dollar by year-end
P.A. Resources records highest ever quarterly revenue
Tropicana’s revenue jumps 60.7% to RM1.5bil in FY23
PETRONAS Gas net profit higher at RM1.82bil in FY23 on higher utilities, JV companies' contribution
UEM Sunrise reports revenue of RM1.3bil for FY2023
Ringgit strengthens against US dollar on positive market sentiment
Padini's 2Q net profit declines to RM53.10mil
TNB foresees steady performance in 2024
DC Healthcare expects growth boost from new branches

Others Also Read