CCRIS - Is it a guide or extreme sources of
information. Banks in Malaysia used this
useful info like a fool, by using it against the public. Even with simple negative report or rectified
situation is still seen as negative issue.
Utilisation of limit is being taken up almost immediately, however
settlements are updated after about 90
days.
Restructured facilities is been deemed the individual’s financial
health is at stake eventhough being regularized after three years. In the report that showed restructure of
facilities, present application will 99% be rejected. Banking system today is seen to see as though
no one shall fall sick. Banks never learn
to nurse their clients instead of injecting poison to kill clients and creating
Non-Performing Loans (NPL). Bankers have
reason to create NPL, will be discussed later.
CTOS - Being used against customers only, eventhough outdated or inaccurate. There are banks that rigidly used this info
as a masterpiece, not knowing that it is outdated, never updated by their
fellow bankers like them from other bank.
BANK CHARGES - Never on reducing trend, always on the increase of
reasons and amounts to find ways to charge public. The bank never learn that their clients should
be profitable in order for the bank to stay too. But today banks are competing among banks to
declare higher profits, ignoring that the profits they make are at the expense
of their clients. They never learn through
the 1986 and 1990 crisis that if their client is sick, they will be sick too.
If their client die, they may die too, if not rescued by authorities.
BANK CREDIT OFFICERS - NOT LOYAL TO BANK OR CLIENTS, will
only process loans when they are are being agreed/promised certain benefits
either direct or through portion of legal fees.
CORRUPTION - NO DEAL NO WORK. Is growing at a fast phase and
very alarming. Anti Corruption Agencies should be looking into this matter
seriously. Corruption are through direct
dealing and mostly are through percentage of legal fees. Bar Council make the rule happily to deny
discounts to clients had gave room to introduction fees be paid by legal firms
to bank officers that give legal cases for new loan or for litigation to be
taken on clients. This is real blood
sucking.
LEGAL FEES - APPOINTED SPECIAL ARRANGEMENT LEGAL FIRMS ONLY. Bank
officers will not allow client to choose legal firms eventhough from the bank's
panel list, as arrangements being made for certain percentage of the legal fees
to them. Bar council made the ruling that clients shall not be discounted
of the legal fees, however today the discount are being discounted to the bank
officers from the legal firm. Bar Council and SPRM should audit legal
firm fees and check the net left over to the legal firms as compare to the
amount charged to loan borrowers. This standard of corruption is very
alarming, Legal firms that are not willing to give away this portion to
the bankers, will have to close shop if they are relying to the business from
the banks.
NON-PERFORMING LOANS - When clients have financial
difficulties, bank will not accommodate to judge and negotiate for lower
repayment amount, instead will recall the entire loan. Just imagine a client
that may need to pay RM2000 for 20 years and had been paying very promptly for
the past 10 years and due to unforeseen circumstances face financial
difficulties. Bank will just recall the entire outstanding instead of
negotiating for lower monthly instalment. Would it be logic, that one who
is not able to pay the normal RM2,000 had been instructed to pay the entire
outstanding amount of may be RM30,000.
RECOVERY - DESPITE OF FINANCIAL PROBLEMS
RECOVERY - BANK WILL NOT ACCOMODATE OR ASISST
RECOVERY NPL - CORRUPTION THROUGH LEGAL FEES
NON-DEDICATED PERSONNELS
BANK - PROFIT ORIENTED
BANK - NO SOCIAL OBLIGATION TO THE COUNTRY
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