KUALA LUMPUR (Oct 5): CIMB Investment Bank Bhd said Malayan Banking Bhd (Maybank), RHB Bank Bhd and AMMB Holdings Bhd could incur provision on Perisai Petroleum Teknologi Bhd's bond default. In a note today, CIMB analyst Winson Ng said Maybank, RHB and AMMB were among Perisai's eight bankers. Ng said certain banks might classify their Perisai bond exposure as impaired loan and recognise the provision. This translates to an exposure of S$37m (RM111.5m or US$27m) per bank (for Maybank, RHB Bank and AMMB). "Assuming additional provisioning of RM111.5m, the negative impact on FY16 net profit would be 1.3% for Maybank, 4.6% for RHB Bank and 6.3% for AMMB (FY17)," Ng said.

Source: The Edge Markets October 05, 2016 04:30 UTC