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.
Interest Rate Waiver: Imperative that short-term relief measures do not incur long-term damage to economy — BNM
KUALA LUMPUR (Sept 24): It is “imperative that short-term relief measures do not incur significant long-term damage to the economy”, emphasized Bank Negara Malaysia (BNM).
KUALA LUMPUR (Sept 14): The Ministry of Finance (MoF) has instructed banking institutions to work on the exemption from interest payments for recipients of the bank loan moratorium immediately.
KUALA LUMPUR (July 7): Banks have started taking applications for the six-month loan moratorium today.
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.
Latest round of blanket moratorium less likely to hurt bank earnings due to opt-in basis, say analysts
KUALA LUMPUR (June 29): Analysts expect the latest blanket moratorium on loan repayments to cause lower modification losses for banks as it is being offered on an opt-in basis.
PETALING JAYA (June 28): The newly announced blanket loan moratorium is beneficial in helping to alleviate individuals’ financial burdens due to the prolonged lockdown, said Real Estate & Housing Developers’ Association Malaysia (REHDA) president Datuk Soam Heng Choon.
KUALA LUMPUR (Oct 17): The National Union of Bank Employees (NUBE) is demanding urgent reinstatement of the blanket loan moratorium by a further two to three months across the country at least for the bottom 40% (B40) and middle 40% (M40) income groups as well as small and medium enterprises (SMEs).
PETALING JAYA (Sept 30): As Malaysia transitions into targeted repayment assistance following the end of the six-month blanket loan moratorium today, about 500,000 applications for repayment assistance have been received, said Bank Negara Malaysia (BNM).
KUALA LUMPUR (Sept 30): As the blanket loan moratorium ends today (Sept 30), Malayan Banking Bhd's (Maybank) branches nationwide (except for those in the red zones) will continue to remain open until 7pm today to provide customers added convenience to enquire and apply for Repayment Assistance.