KUALA LUMPUR (May 16): Bank Islam Malaysia Bhd is continuing its Enhanced Targeted Repayment Assistance (ETRA) for customers adversely impacted by the Covid-19 pandemic.
KUALA LUMPUR (March 10): Banks were hard pressed last year after being hit on multiple fronts – from record low interest rates to high modification losses, followed by increased provisions as banks manage the impact of the loan moratorium on their books.
With the worst of the Covid-19 pandemic impact on financial performance behind them, banks are now expected to perform better this year, although remaining cautious, supported by recovery in net interest income growth and a decline in loan loss provisioning.
The Edge takes a look at some key financial indicators of the top five banks in Malaysia for the financial year 2020 (FY20), to gauge how they fared in the pandemic year and position themselves for an expected recovery this year.
Loan repayment assistance poses risks to Malaysian banks asset quality, strong capitalisation a respite — Moody s theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
In particular, borrowers/customers who lost their jobs in 2020 or 2021 can apply for payment relief for a period of three months any time on or before June 30,2021.
KUALA LUMPUR: Malaysian banks will continue to extend repayment assistance, including an extension of existing moratorium to individuals affected by the current movement control order (MCO).
In a joint statement, the Association of Banks in Malaysia (ABM) and Association of Islamic Banking and Financial Institutions Malaysia (AIBM) said the banking industry stands ready to assist borrowers in light of the new MCO and will also extend repayment assistance to victims of the recent floods in recent states.
Saturday, 16 Jan 2021 05:59 PM MYT
In a statement, the bank said the moratorium will cover monthly instalments or repayments for all loans and financing facilities, including credit card facilities. Picture by Shafwan Zaidon
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KUALA LUMPUR, Jan 15 AmBank Group is prepared to offer flood relief moratorium of up to six-months to its customers who are affected by the floods.
In a statement, the bank said the moratorium will cover monthly instalments or repayments for all loans and financing facilities, including credit card facilities.
“We are ready to assist our customers as best as we can during this difficult period. We trust that our moratorium measures will help to alleviate the distress faced by flood victims,” said group managing director Datuk Sulaiman Mohd Tahir.