Bank Islam Malaysia, one of the country's three Islamic commercial banks, may be looking at securitizing some of its non-performing loan portfolio, according to talk emerging last week from Kuala Lumpur.

By the end of last year, the bank had around M$900 million ($238.7 million) of NPLs on its books, accounting for 10.2% of its total loans, but analysts predict the NPL ratio will rise when it next reports results.

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