Finance Ministry: Loan moratorium worth RM81.9b granted as of Aug 28 | Malay Mail

Wednesday, 09 Sep 2020 03:30 PM MYT

KUALA LUMPUR, Sept 9 — The value of the loan moratorium on loan repayments to financial institutions which came into effect on April 1 is estimated at RM81.9 billion as of Aug 28, 2020, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. “A total of 732,000 borrowers who took the automatic moratorium have resumed their monthly loan repayment instalments compared with 336,000 borrowers in April 2020,” he said in the latest Laksana report today.

He said with the loan moratorium expiry on Sept 30, banking institutions are ready to continue to provide assistance to borrowers who are still affected by the Covid-19 outbreak, in the form of a loan moratorium extension and targeted assistance from Oct 1.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Two million borrowers contacted by banks on loan extension, says Finance Ministry | Malay MailKUALA LUMPUR, Sept 8 — As at August 28, 2020, some two million borrowers who may need help servicing their loans have been contacted by banks on the repayment of their loans, says the Finance Ministry. Deputy Finance Minister II Mohd Shahar Abdullah said of the 1.1 million of the borrowers who...
Source: malaymail - 🏆 1. / 86 Read more »