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GOOD NEWS FOR PROTON DEALERS NETWORK


Dato' Muhammad Ibrahim appointment as the Central Bank Governor is a positive news to Proton Eco system. When he was the Assistant Governor, we had a few fruitful engagements in particular on the slow approval period averaging more than 7 days by Banks for Proton buyer's hire purchase loan application which Mohammad Ibrahim personally find it unacceptable. Other past engagement we had with Dato Muhammad Ibrahim includes those period when Banks uniformly charged higher interest rate on Proton car buyer compared to those interest rate charged on non-national cars and when there were cases of discriminating treatment on Proton car buyer's loan application compared to non-national car buyers.

We lauded and look forward to further engagement with the new Governor. There are various policies that can further improve our ecosystem, that is totally dependent on support from Banks for car buyers end-financing.


We wish Tan Sri Zeti a pleasant retirement and are thankful for all her support to Proton dealer ecosystem especially during the past 2 economic recessions.


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