Covid-19: BNM says borrowers can request loan-repayment moratorium, CCRIS report won’t be affected

KUALA LUMPUR (Jan 18): In an instant reaction to Prime Minister Tan Sri Muhyiddin Yassin’s RM15 billion economic stimulus package announcement today, Bank Negara Malaysia (BNM) said loan takers can request repayment moratorium and that their Central Credit Reference Information System report will not be affected at a time when the nation contends with the economic impact of the Covid-19 pandemic.

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Non-financial corporate debt servicing capacity still above prudent level in 1H20

KUALA LUMPUR (Oct 14): Despite the expected weakening in financial health among non-financial corporates (NFCs) due to the Covid-19 pandemic, the aggregate indicator of the debt- servicing capacity of NFCs has remained above the prudent threshold, reflecting the reasonably healthy financial conditions prior to the pandemic, according to Bank Negara Malaysia's (BNM) Financial Stability Review for the first half of 2020 (1H20).

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BNM: Loan 'restructuring and rescheduling' upon repayment moratorium expiry

KUALA LUMPUR (July 24): Bank Negara Malaysia (BNM) has told analysts that upon expiry of the loan repayment moratorium by end-September 2020, banks in the country will not extend the scheme but will continue to offer targeted financial assistance in the form of restructuring and rescheduling (R&R) to borrowers who continue to face repayment issues.

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