Finance minister: Banks ready to offer assistance to flood-affected borrowers | Malay Mail

KUALA LUMPUR, Dec 19 — The banking sector is ready to offer repayment assistance for borrowers affected by the floods, Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said today.

“Further details will be announced by the Association of Banks in Malaysia , the Association of Islamic Banking and Financial Institutions Malaysia , the Association of Development Finance Institutions Malaysia and the banks involved, soon,” he said in a statement today. This is the outcome of discussions between the Ministry of Finance and Bank Negara Malaysia, ABM, AIBIM, and ADFIM. — Bernama

Assist the bleed them with interest. This is business babes. Disaster is good business.

May b our ministers can donate their salary to help flood victims!

Got interest ah? Kanina!

BORROWERS babi

Looks like MoF is trying to wash off their hands giving an impression that they have no control over the banks

Sembang babi terbang

0% interest?

Bohong Mesti amik profit gak tu

Banks have short memories

Cakap senanglah minister

Always talk 🐓

Not interest free I'm sure. Just a profit making strategy. Feeding off people's misery. The Finance Minister is no help at all. He thinks like a banker, and not for the people.

With interest of course

Babi banker

I dont know chief. Banks helping people? Thats unheard of.

The banks are forced to allow mediocre borrowers to raise New loans to settle old loans that's basically Moratorium about that's reason you can't feel much about foreclosure and bankruptcies but borrowers going to be extra long term to pay all these loans and it's Time-Bomb..

Where is the federal allocation for flood victims Where is it?

They'll use this 'assistance' to justify the reinstatement of the RM1 withdrawal fee.

Since when does banks do anything without profit? Right now, while still suffering from COVID hardship, more debt not needed. Plus this saves the government forking out

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Finance minister: Govt allocates RM200m to address flood impact | Malay MailKUALA LUMPUR, Dec 19 — The government has provided a total allocation of RM200 million in efforts to address the impact of floods and activation of all disaster networks of Government-Linked Investment Companies (GLICs) and Government-linked companies (GLCs). Finance Minister  Datuk Seri... That money shouldve gone to AVOIDING and PREVENTING the flood. 20% for the persons handling out the contract. 20% for the middle man. 20% profit for the contractor .. 10% to lubricate the local Napoleons. Balance 30% to run the project. Hopefully the rm60million can see the daylight of completed projects.
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