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AS at end-2010, total outstanding banking system financing increased by 12.7% from the previous year to RM883.3bil, or 115.3% of gross domestic product (GDP). Total outstanding financing to both businesses and households recorded robust growth of 9.4% and 13.4% respectively.
PETALING JAYA: The Government's bond guarantee agency, Danajamin Nasional Bhd, expects to introduce bond guarantees with short term financing from banks to meet demand from companies in the first half of this year.
KUALA LUMPUR: Danajamin Nasional Bhd yesterday became the first financial guarantee insurer to provide an Islamic guarantee (or Al-Kafalah) for sukuk, with the issuance of the first Danajamin guaranteed sukuk programme.
PETALING JAYA: Property developer LBS Bina Group Bhd is issuing RM135mil sukuk to part-finance three projects in Malaysia, group managing director Datuk Lim Hock San said.