Banks have enough capital buffer to implement targeted loan moratorium, says Deputy Finance Minister I

📆 12.08.2020 09:52:00
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KUALA LUMPUR: Banks have enough capital buffer to implement the loan moratorium extension as announced by the government, the Dewan Rakyat heard.

Deputy Finance Minister I Datuk Abdul Rahim Bakri said that a total of RM66bil out of the RM100bil allocation had been used by banks so far under the moratorium assistance through the economic stimulus package.

Mohd Salim had asked the Finance Ministry if banks were able to extend the loan repayment moratorium amidst challenging economic outlook. "That is why, for borrowers who are facing a little difficulty , they can visit the Credit Counselling and Debt Management Agency .

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Banks able to extend loan moratorium, says deputy finance ministerAbdul Rahim Bakri says they have sufficient capital buffer to do so. FMTNews Banks Moratorium LoanRepayment
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