KUALA LUMPUR: The Association of Banks in Malaysia (ABM) says its members, comprising 27 commercial banks, have remained supportive and will continue to provide access to financing for viable businesses including the oil and gas (O&G) sector. In a statement today, ABM said all O&G cases had been given due consideration by the banks. Credit evaluation is conducted on O&G companies similar to loan applications by any other industries. It said corresponding figures for the second quarter of 2017 were 0.2 per cent and 4.5 per cent respectively. However, it said risks to the banking system remained limited as exposures to the sector accounted for about 6.5 per cent of total exposures.

Source: New Strait Times December 12, 2017 11:15 UTC