Bank Negara: Bankruptcy cases declining

Bank Negara governor Tan Sri Nor Shamsiah Mohd Yunu said yesterday that when viewed in terms of trends and updates from selected banks and non-bank institutions (providers of hire purchase services), the trend of bankruptcy cases for individuals has been declining since 2016. This includes the time when the OPR increased in 2018.

PETALING JAYA: The issue of bankruptcy is often touted as synonymous with circumstances relating to worsening finances, says Bank Negara governor Tan Sri Nor Shamsiah Mohd Yunus.

The governor was responding to the recent statement by the Malaysian Consumer and Borrower Solutions Association linking the increase in the overnight policy rate or OPR with the trend of bankruptcy.