KUALA LUMPUR, June 26 — Alliance Bank Malaysia Bhd is taking the precaution of having additional liquidity to mitigate any payment shock once the loan moratorium ends in September. Group chief executive officer Joel Kornreich said the bank has a strong funding position currently, with a liquidity...
Friday, 26 Jun 2020 08:53 PM MYT
He said 18 per cent out of the eligible base of RM28.6 billion had opted out of the loan moratorium as they felt comfortable continuing their loan payments with non-recurring additional interest. “We anticipate the net effect in FY21 would be around RM25 million. We are trying to reduce this modification loss impact by engaging our customers, modifying their loans and rescheduling even more...also help them to manage their repayments,” he said.
On the overnight policy rate cut, Kornreich said the OPR reduction by 100 basis points would have an impact on the bank’s net interest margin by about 18 basis points.
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