85% of vehicles sold in Malaysia are financed or leased, with the remainder of the buyers paying cash.
The strict Auto Financing approval policy by Bank Negara Malaysia have affected total industry volume of new and used vehicles sold since 2017 as prospective buyers found difficulty in securing auto loans. Most of these buyers are genuine.
In view of that, KAPB had taken this opportunity to invest in Malaysia auto financing market to cater for these group of people. With highly experience credit professionals, we had strengthened the financing structure to manage the risk of non-performing loan.
Since KAPB already venture in the automotive market, we believe that the auto financing will contribute to additional revenue in this sector.
