Public Bank offers clients affected by coronavirus six-month moratorium on loans

KUALA LUMPUR (Feb 10): Public Bank Bhd and Public Islamic Bank Bhd are offering a six-month moratorium on monthly instalment payments of loans and financing for its customers who are affected by the outbreak of the novel coronavirus (2019-nCoV).

The banking group will also accommodate requests by the affected customers to restructure or reschedule their loans and financing to assist in their cash-flow situation during this difficult time.

"As concerns about the 2019-nCoV escalate and are expected to affect industries and businesses, the bank hopes the Relief Assistance Programme would help to alleviate difficulties faced by its customers,” Public Bank managing director Tan Sri Tay Ah Lek said in a statement today.

“Public Bank stands ready to support customers through financial hard times. The bank will continue to monitor the development of the outbreak and extend its further assistance should the need arises," he added.

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