Prokhas: An Overview
Prokhas Sdn Bhd is a private limited company wholly-owned by Minister of Finance, Incorporated initially established to manage the residual assets of Danaharta after it closed its chapter on 31 December 2005. Danaharta was a success story on its own, where it had managed to achieve its NPL recovery mission during the Asian financial crisis and further assist to re-energise Malaysia’s financial sector. Prokhas was then entrusted to continue Danaharta’s work and maximise the recovery value of the residual assets.
Powered by a workforce with vast experience in banking, credit and consultancy, Prokhas, of which the name is derived from the phrase ‘Projek Khas’ (Special Project) has now grown extensively and broadened its services into various industries to remain competitive and viable.
Prokhas’ core function has extended to advisory and consulting services providing cost-effective and strategic solutions by leveraging on existing infrastructure and resources and adopting best practices that is best suited for the client’s organisational framework.
In carrying out the mandates entrusted by the Government, Prokhas has served major public entities providing them with services that include financial and strategic advisory, project management as well as back office support.