Breaking News-RTRS-Deposit in banks, financial instituitions fully guaranteed until Dec 2010
Posted by Labels: Trader's highlightKUALA LUMPUR, Oct 16 (Bernama) -- Cash deposits in banks and deposit-taking
development financial institutions in the country will be fully guaranteed until
December 2010, the Finance Ministry and Bank Negara announced today.
They said all ringgit and foreign currency deposits with commercial, Islamic
and investment banks and deposit-taking development financial institutions
regulated by Bank Negara will be fully guaranteed by the government through
Perbadanan Insurans Deposit Malaysia (PIDM) until December 2010.
The guarantee extends to all domestic and locally incorporated foreign
banking institutions, they said in a statement today.
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