News about abm

ABM said it first introduced in 2013 the standardised template for description of key terms and conditions in respect of housing loan or home financing agreements for individuals involving a principal sum of RM500,000 and below.

KUALA LUMPUR (Oct 8): Banks have come up with a counter proposal to the government's interest waiver plan, and some banking sources say it has been submitted to the authorities.

KUALA LUMPUR (June 29) : The Association of Banks in Malaysia (ABM) and Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) said today that their member banks will be offering six-month moratorium from July 7, in line with the government's PEMULIH stimulus.

KUALA LUMPUR (Jan 18): The Association of Banks in Malaysia (ABM) and the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) said banks will continue to extend repayment assistance, including an extension of the existing moratorium where applicable, to individuals affected by the current movement control order (MCO).

KUALA LUMPUR (Nov 7): The Association of Banks in Malaysia (ABM) has announced that enhancements to the targeted repayment assistance will be available to B40 borrowers who are recipients of Bantuan Prihatin Rakyat (BPR) — previously known as Bantuan Sara Hidup (BSH) — as well as microenterprises.

KUALA LUMPUR (April 30): The Association of Banks in Malaysia (ABM) confirmed today that its member banks will be reaching out to their respective hire purchase (HP) customers to notify them of the procedures needed to effect the moratorium on their loans.

KUALA LUMPUR (March 27): Eleven members of the Association of Banks Malaysia (ABM) will contribute RM10 million to fight against the COVID-19 pandemic.

KUALA LUMPUR (Feb 11): The Association of Banks in Malaysia (ABM) says its members are undertaking measures to ensure their respective customers are able to weather the impacts caused by the coronavirus.

KUALA LUMPUR (Sept 26): The Association of Banks in Malaysia (ABM) announced today its member banks have ceased charging fees for cheque and cash payments for credit card and financing repayments over the counter (OTC) and at cash deposit machines.

  KUALA LUMPUR (June 22): The Association of Banks in Malaysia (ABM) said some of its member banks have partnered Credit Guarantee Corporation Malaysia Bhd (CGC) in the latter’s online loan referral platform to facilitate access to banking and payment services.