Tengku Razaleigh 1975 - Chairman Bank Bumiputra - 1

Interview (in Bahasa Malaysia)
He then explained on :
•comments and critism on late approvals of bank loans
•explained the procedure and structure on how the loans was processed in order to prevent corruption in the system
• lack of information on loan application to process.
• insufficient time to process loans due huge number of applications

He himself admitted that he didn't have the power to approve loans personally because of the system.

He highlighted that Bank Bumiputra was owned and founded by the Government to assist the locals.
After 10 years of Bank Bumiputra's existence,
▪Total Loans Approved RM 473 mil (minus full payments of earlier loans), 45% of total loans approved
▪Total loans rejected (malays only) : 15% (3093 from 20,217 loans)

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