Banks offer relief to virus-impacted customers
There has not been a public statement from BNM or the Association of Banks on providing relief on loan repayments amid the coronavirus crisis, but individual banks have begun making their own moves. – The Malaysian Insight file pic, March 19, 2020.
NINE Islamic banks are allowing customers to defer their loan instalments or servicing for up to six months amid the Covid-19 crisis. According to a list provided by the Association of Islamic Banking and Financial Institutions Malaysia, 17 of its 26 members have issued statements on financial assistance during the movement-control order enforcement period effective yesterday to March 31.
Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Don't get lawyers to work during movement control order, Bar tells banks | The Malaysian InsightSalim Bashir says a number of financial institutions are compelling their panel law firms to adhere to strict timelines.
Read more »
Covid-19: Banks doing their part by offering relief assistance programs for loan repayments | Malay MailKUALA LUMPUR, March 19 — Several banks in the country have decided to provide leeway for customers to repay their bank loans as the Covid-19 outbreak takes a toll on Malaysians financially. Maybank, CIMB Bank and Public Bank are giving the most affected customers immediate moratorium of up to six...
Read more »
Don’t make unreasonable demands of lawyers in Covid-19 shutdown, Bar Council tells banks | Malay MailKUALA LUMPUR, March 18 — Banks in Malaysia should not place “unrealistic and unreasonable demands” on their panel lawyers during the two-week nationwide shutdown as this could negate the restriction of movement order’s aim of slowing the spread of Covid-19, the Bar Council said today....
Read more »
Covid-19: Banks doing their part by offering relief assistance programs for loan repayments | Malay MailKUALA LUMPUR, March 19 — Several banks in the country have decided to provide leeway for customers to repay their bank loans as the Covid-19 outbreak takes a toll on Malaysians financially. Maybank, CIMB Bank and Public Bank are giving the most affected customers immediate moratorium of up to six...
Read more »
Italy registers 475 new deaths as world wages war against virus | The Malaysian InsightDonald Trump declares self ‘wartime president’; German chancellor says Covid-19 biggest challenge since WWII.
Read more »
Glastonbury cancels 50th anniversary festival over virus | The Malaysian InsightTaylor Swift had been set to headline the music festival for the first time, held at a rural farm site in southwest England since 1970.
Read more »