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The
1997 economic crisis roiled
the country's banking system.
Set up to help avert the collapse of the banking system,
Danaharta brought relief to beleaguered banks.
And, despite trials and tribulations,
the banking system survived intact.
Over its seven and a half year lifespan,
Danaharta dealt with 2,902 NPL accounts, 2,563 borrowers,
and from an NPL portfolio of over RM50 billion
- recovered over RM30 billion.
Its final lifetime Loan Recovery Rate of 58% surpassed
the typical 20 - 50% range experienced by
similar agencies in Asia.
Danaharta did its job.
See
details in Final Report as at 30 September 2005
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