X Close


Published: Sunday December 8, 2013 MYT 12:00:00 AM
Updated: Sunday December 8, 2013 MYT 10:50:28 AM

Suspend loan payments of flood victims, banks urged

ALL banks have been urged to provide a moratorium on loan payments to customers affected by the floods.

Party president Datuk Seri Najib Tun Razak said this would help alleviate the victims’ hardship.

He praised Maybank for offering a suspension on payments, adding that all banks should do the same.

“As Finance Minister, I hereby ask all banks to provide a temporary moratorium,” said Najib in his winding-up speech.

On Thursday, Maybank announced a six-month cessation on monthly loan instalment payments and waiver of certain charges based on a case-by-case basis for customers in Pahang, Johor and other areas affected by the floods.

In a statement, the bank said the suspension of payments was being extended to business banking, small and medium enterprise (SME) banking and consumer banking customers, between December 2013 and May 2014.

Najib also announced a RM500 cash aid for flood victims as a gesture of the Government’s empathy for the difficulties they faced.

“I feel very sympathetic for our friends affected by the floods ... I know that they must be going through a very difficult time at this moment,” he said.

Najib, who had rushed back to Pahang to observe the situation after opening the assembly on Thursday, said his deputy Tan Sri Muhyiddin Yassin, who is also National Disaster Management Committee chairman, had visited the flooded areas and had issued directives to all government departments and agencies to provide help to the flood victims.

After the assembly, Najib witnessed the presentation of a RM500,000 cheque from Malaysian Resources Corp Bhd (MRCB) to the NSTP-Media Prima Flood Relief Fund.

The cheque was handed over by MRCB group managing director Datuk Mohamad Salim Fateh Din.

Salim said the contribution was part of the company’s corporate social responsibility programme in contributing to the less fortunate.

Related stories:
PM wraps up 67th general assembly with declaration
My wife has done much that many are not aware of
No extra workload for teachers
MCA and MIC laud Najib's inclusiveness stance
Don't dance to Opposition beat urges Shahrizat
Mecca imam pleased with Malaysia's Islamic efforts
Cops flood duties not hampering Ops Cantas
Concern over bad lifestyles of undergrads

Tags / Keywords: Environment, najib


  1. I’m happy to be alive, says MH192 passenger
  2. Flight MH192 started shaking when it took off, says passenger
  3. MH192 lands safely in KLIA
  4. Malaysia Airlines’ statement on MH192 which was forced to make a turn back
  5. MAS flight bound for Bangalore makes turn back
  6. Karpal Singh cremated after emotional farewell
  7. Karpal Singh’s final journey, thousands bid farewell
  8. Penang mourns passing of Karpal Singh, says Guan Eng in eulogy
  9. Karpal Singh: Photo Gallery
  10. Storify: The Tiger sleeps today