COVID-19 coronavirus outbreak prompts Malaysian conventional and Islamic banks to offer deferment of loans repayment
KUALA LUMPUR - Conventional and Islamic banks in Malaysia have been racing to the assistance of customers whose businesses are being affected by a coronavirus outbreak centred on nearby China by offering them temporary deferment of loan repayments.
Maybank is the latest to offer financial relief including restructuring and rescheduling of financing, and a moratorium of up to six months on loan repayments.
This package will be open to both business and individual customers affected by the current situation, and will be assessed on a case-to-case basis.
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