Banks have enough capcity to extend moratorium period, says deputy finance minster I | Malay Mail

📆 2020/08/12 16:55:00
📰 malaymail

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Banks have enough capcity to extend moratorium period, says deputy finance minster I

Wednesday, 12 Aug 2020 12:50 PM MYT

Deputy Finance Minister I Datuk Abdul Rahim Bakri said every moratorium extension decision announced by the government was regulated by Bank Negara Malaysia and entailed the involvement of the Association of Banks in Malaysia. “The process we are doing now is implementing a targeted moratorium. Many will receive benefits, while legal proceedings against these borrowers will be avoided.

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