One of the core areas of recovery focus in Newvest Recoveries is Banking Sector Recoveries. As providers of credit to the whole spectrum of the economy, banks are the driving force that spurs growth, advancement and development of the Country. Banks in Malaysia have proved resilient in recent times and capable of weathering and persevering in challenging economic seasons.

Newvest Recoveries forges strategic and strong partnerships to work with and assist the banking sector with their retail recoveries issues. The banking sector has been largely responsible for advocating and emphasizing the importance of outsourcing recoveries here in Malaysia. Taking cue from more advanced and developed worldwide economies, the banking sector locally has been working with recoveries companies for decades now.

Newvest Recoveries currently provides the full spectrum of retail banking recoveries services such as; Credit Card Recoveries, Hire Purchase Recoveries, Housing Loan Recoveries and Personal Loan Recoveries. Currently we work in an environment that we prefer to label as partnerships with our banking clients and provide them with the full range of recoveries services mentioned.

Bank Negara Malaysia places strict regulations on the banking sector while the Banking and Financial Institutions Act (BAFIA) also governs the financial bodies in Malaysia. In line with this Newvest Recoveries places an equal emphasis and control in handling banking sector recoveries. All personnel involved in banking recoveries are made to execute a Non Disclosure Agreement when they are employed with us.

To further demonstrate our commitment towards banking sector recoveries Newvest Recoveries has invested heavily in security related resources to satisfy and meet our banking clients’ requirements and needs. These investments include; Recoveries Software System, Computerized Voice Logger System, CCTV System and Insurance Policies.

Our recovery level speaks for itself and our success here largely results from an experienced banking sector recoveries team headed by caliber managers and supervisors. We also dedicate entire teams to service each bank client separately. These teams further are supported with nationwide recoveries coverage through our branches and site visit centers. All in all, Newvest Recoveries provides a comprehensive banking recoveries solution package.