PUTRAJAYA, June 25 (Bernama) -- The
Ministry of Finance (MoF) has urged Bank Negara to come up a better
system to deal with Central Credit Reference Information System (CCRIS)
and credit information provider Credit Tip-Off Service (CTOS) to assist
small and medium enterprises (SMEs) to get bank loans
Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=675758
Published: Jun 26, 2012
Deputy Finance Minister Datuk Donald Lim Siang Chai said the SMEs had brought to his attention the issues on CCRIS' and CTOS' failure to update details on applicants who were blacklisted, and that it had affected the SMEs in securing loans.
"These are the areas we want Bank Negara to look into especially on CCRIS and CTOS, which was the reason why many SMEs failed to get loans. They (blacklisted) should be released from bankruptcy and come back to normal life. We want a system that can help everyone to go back to be entrepreneurs and are able to get loans from banks.
"We want Bank Negara to come out with appropriate actions so that the SMEs can get loans. There were complaints that they (SMEs) have settled the loans, however, Bank Negara was not informed.
"We want Bank Negara to monitor from time to time. Besides that, we also told the banks that it is their responsibility to inform Bank Negara too," he told reporters here.
-- BERNAMA
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