News Formal

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

  • 📰 staronline
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 75%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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 .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

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
Source: fmtoday - 🏆 5. / 72 Read more »