SDBank's RM5bil in NPLs 'secured and recoverable', says Masidi


Photo: Bernama

KOTA KINABALU: The Sabah government is fully behind Sabah Development Bank's (SDBank) bid to recover RM5bil in non-performing loans (NPL), says Datuk Seri Masidi Manjun.

The state Finance Minister said the NPLs were "secured and recoverable" after the new management took over the state-owned bank where previous managements had been accused of covering up NPLs with "creative accounting".

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SDBank , NPL , Masidi Manjun , Recovery , Sabah , State Government

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