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AKPK Launches Branch in Johor Bahru

Posted at January 25, 2007

Embargo : For immediate release

December 5, 2006

AKPK launches branch In Johor Bahru

Agensi Kaunselling dan Pengurusan Kredit (AKPK), an agency set up by Bank Negara Malaysia officially launched its Johor Bahru branch today. Located at the Bank Negara Malaysia premises, the AKPK's Johor Bahru branch provide advisory services, counselling and assistance to individuals on areas relating to credit, financial management education as well as on debt restructuring. The services of AKPK are provided free of charge.

The establishment of the regional office in Johor represents AKPK's continuous effort to ensure that its services are available to a wider segment of the Malaysian population. A total of 5 regional AKPK offices commenced operations on 2 October 2006. In addition to Johor Bahru, AKPK had established branch offices in Penang, Kuala Terengganu, Kuching and Kota Kinabalu. AKPK plans to launch all the other regional offices by end of January 2007.

AKPK provides eligible individual borrowers assistance in restructuring debts relating to housing loans, hire purchase, credit card, charge card and other personal loans that have been obtained from institutions1 regulated by Bank Negara Malaysia. AKPK does not provide any credit facility to customers.

With the launching of the new regional office in Johor Bahru, members of the public in the southern region can now have access to all the services offered by AKPK at a location, which is nearer and convenient to them.

"Over 8,000 customers have sought the services of the agency and more than 1,000 customers have been assisted via our Debt Management Program since we started operation in Kuala Lumpur in April 2006. Over 200 customers had sought our services on counselling and debt management in Johor Bahru since we commenced operation in October 2006." said Chairman Datuk L Meyyappan.

"The Debt Management Program has helped them ease their repayment burdens by making it affordable to them." added Datuk Meyyappan.

Individuals who wish to obtain further information about the services of AKPK and its regional offices can contact or visit AKPK offices.