KUALA LUMPUR (Sept 24): With the blanket automatic loan moratorium coming to an end next week, banks have contacted more than two million borrowers to offer loan repayment assistance after Sept 30, according to CIMB Group Holdings Bhd's group chief executive officer (CEO) Datuk Abdul Rahman Ahmad.
KUALA LUMPUR (Sept 10): Bank Negara Malaysia (BNM) is conducting an online survey of applicants of targeted repayment assistance.
Maybank offers three channels for customers to apply for post-moratorium Repayment Assistance Packages
KUALA LUMPUR (Aug 7): Malayan Banking Bhd (Maybank) has announced that it is offering three options for customers to apply for Repayment Assistance Packages from today.
KUALA LUMPUR (Aug 3): Bank Islam Malaysia Bhd has strongly urged vulnerable customers impacted by the Covid-19 pandemic to approach its officers and staff for the best repayment arrangement as the current moratorium period ends on Sept 30.
KUALA LUMPUR (July 30): The Federation of Malaysian Manufacturers (FMM) has called on banks to consider making the process for the restructuring of loan repayments be made simple and seamless, given it is based on the individual banks’ commitment and not a directive from the government.
KUALA LUMPUR (July 29): The loan repayment flexibility will be opened for application from Aug 7, 2020, Bank Negara Malaysia (BNM) (pictured) announced today.
KUALA LUMPUR (July 29): Prime Minister Tan Sri Muhyiddin Yassin (pictured) today announced the extension of loan repayment moratorium by three months for those who have lost their jobs in 2020 due to the fallout from the Covid-19 pandemic while a targeted approach will be undertaken for the rest.
KUALA LUMPUR (July 15): Deferred loan/financing repayments under the moratorium, which took effect on April 1 as part of the PRIHATIN Rakyat Economic Stimulus Package (PRIHATIN), are estimated to have reached RM55.
KUALA LUMPUR (July 13): The Malaysian Association of Tour and Travel Agents (MATTA) has urged the government and Bank Negara Malaysia (BNM) to extend the bank loan-repayment moratorium by another six months for the tourism industry because the sector is the hardest hit by the Covid-19 outbreak and studies indicate that it will only recover from the crisis much slower than other local industries.