Banks Stealing Our Hard Earned Money
By Simon Templar
Who has tried to get an overdraft facility from a local bank only to be told to place a fixed deposit of similar amount with the bank?
How often have we heard of stories of small time entrepreneurs who needed bank loans to help their businesses only to be turned away because they do not have strong collaterals?
Has anyone who has a business idea but no capital tried approaching our local banks for a start-up loan only to be turned away for having no past track record?
The above are common knowledge among laymen Malaysians. Not to our political leaders though because they are never interested in our welfare and neither are they in touch with reality on the ground. And do not be fooled into believing that only non-bumiputras are faced with the above problems. The available government schemes are not that easily disbursed even to the bumiputra entrepreneurs. Not connected kot…
Malaysian banks are rubbish. From the ridiculously stupid requirement of requiring an introducer to open an account (what the hell for, seriously) to their level of service to the very objective of running a bank.
Read more at: http://saltpepperandalittlekicap.blogspot.com/2009/10/banks-stealing-our-hard-earned-money.html
