Allied Nationwide unable to accept money at the moment

The company missed the March 1 deadline to have a credit rating, though it said it will obtain one from Standard & Poor's within 24 hours.

It needs a BB rating to meeting the entry requirements for the government's extended retail deposit guarantee scheme.

Allied Nationwide Finance will also look to tap its parent to meet the central bank's capital requirements due to come into effect in September.

The finance company posted a loss of $1.2 million in the six months through December compared to a loss of $1.6 million a year earlier, even as it boosted its revenue 9.9% to $21.7 million.