AKPK MANAGED RM4.9 BLN IN DEBTS IN PAST FIVE YEARS

KUALA LUMPUR, March 28 (Bernama) -- The Credit Counselling And Debt

Management Agency (AKPK) managed individual debts amounting to almost RM4.9

billion involving 52,497 borrowers in the past five years until December 2010.

Deputy Finance Minister Senator Datuk Donald Lim Siang Chai said through

AKPK''s programmes, 504 cases involving loans worth RM14 million were settled by

borrowers.

"Debt management involves the restructuring of credit card debts, personal

loans, and housing and car loans," he told the Dewan Rakyat today.

He was replying to a question from Datuk Juslie Ajirol (BN-Libaran) who

wanted to know AKPK''s role in individual debt management referred under the

Debt Management Programme since five years ago.

Lim said AKPK was established by Bank Negara Malaysia in April 2006 with the

objective of providing services to individuals like financial education, and

counselling and advice on financial and credit management.

-- BERNAMA

ZUZ AR IZ MO