Malaysia has made some headway with restructuring the banking system by setting up Danaharta, an asset management company, to help ease the mounting bad debts and Danamodal
, an agency to recapitalize the ailing banks.
Besides Danaharta, the government has also established Danamodal
, a "special purpose vehicle" to recapitalize weak but viable banking institutions.
8 /PRNewswire/ -- Standard & Poor's views positively the recent announcement by Danamodal
Nasional Berhad (Danamodal
) that it will invest Malaysian ringgit (RM) 3.
based company has been appointed to advise the national capital fund or Danamodal
Nasional Berhad, a vehicle under the central bank recently set up to restructure and recapitalize the banking industry.