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Up to banks to extend loan moratorium for targeted groups - Finance Minister

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Tengku Zafrul says the targeted moratorium extension should be looked at by banks on a case-by-case basis.

It is up to the banks if they wish to extend the loan moratorium in a targeted way, said Finance Minister Tengku Zafrul Abdul Aziz. He expressed the view that banks should look into targeted assistance but they cannot be forced to do so as it within their jurisdiction.

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Finance Minister: Govt to discuss with banks extension of six-month loan moratoriumKUALA LUMPUR: The government will hold talks with banks with regards to extending the six-month moratorium on loans and financing repayments which ends in September, says Finance Minister Datuk Seri Zafrul Tengku Abdul Aziz.
Source: staronline - 🏆 4. / 75 Read more »