Several Malaysian banks have announced that they are now allowing customers to apply for temporary deferment in repaying loans that could be affected by the 2019 novel coronavirus outbreak.
This is in light of the various travel and logistical restrictions imposed in China due to the virus outbreak, which saw many business owners face various challenges that will affect cash flow. As such, these Malaysian banks hope to lighten their customers’ financial burden in this period of difficulty.
This sentiment is echoed by the Association of Banks Malaysia. “Concerted efforts by our member banks are underway to ensure that bank customers are able to weather through this trying time and ensure business continuity,” it said in a statement.
Bank Simpanan Nasional (BSN)
CIMB Bank and CIMB Islamic Bank
Hong Leong Bank & Hong Leong Islamic Bank
RHB Bank & RHB Islamic Bank
The coronavirus was first detected in Wuhan, China and it has caused the Chinese government to impose strict travel and logistical restrictions to contain the spread of the virus. So far, the republic has announced more than 1,000 fatalities in China alone. Citizens are slowly returning to work after the extended shutdown, although much of the country continues to remain at a standstill which continues to affect supply chains around the world.
Source refer from RinggitPlus.com
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