PMB Tijari's NPF Still Low – Kosmo

KUALA LUMPUR – Pelaburan MARA Bhd, through its financial services arm PMB Tijari Bhd (PMB Tijari), does not anticipate a rise in its non-performing financing (NPF) rate due to the Covid-19 pandemic.

Currently, PMB Tijari’s NPF rate is very low, remaining below three percent.

PMB Tijari CEO, Wan Sazriz Wan Zaid, said that this is largely attributed to the company’s proactive approach in adjusting repayment structures based on the needs of borrowers.

He explained that PMB Tijari does not operate under a commercial profit mandate. Instead, its primary goal is to develop sustainable entrepreneurs, which requires the company to be flexible and empathetic toward challenges faced by businesses.

“After the Movement Control Order (MCO), we conducted a thorough review. Indeed, there are borrowers who cannot make repayments, but it's not due to poor performance—it’s because of industry conditions, especially logistics,” he told reporters at the company’s headquarters in KL Sentral yesterday.

Wan Sazriz clarified that PMB Tijari did not offer a blanket moratorium to borrowers but is willing to provide case-by-case repayment flexibility.

“Previously, there were companies that defaulted, and we took legal action that led to bankruptcy. We had to do that because we rely on recycling funds to support other entrepreneurs,” he said.

Additionally, he noted that PMB Tijari targets RM100 million in financing distribution this year, but only 40% of the amount has been approved so far.

“We are focusing on sectors impacted by Covid-19, such as automotive, construction, oil and gas, and logistics, and we have also increased the financing limit from RM5 million to RM10 million,” he added.

Artikel Asal : https://www.kosmo.com.my/2020/07/27/npf-pmb-tijari-masih-rendah/