Banks to continue providing housing loans to qualified applicants

In a statement yesterday, ABM said, the banks must engage with borrowers early for alternative repayment arrangements.

KUALA LUMPUR: The Association of Banks in Malaysia (ABM) has given its assurance that its member banks, comprising commercial banks operating in Malaysia, have and will continue to provide home loans to all eligible borrowers.

“Commercial banks are in the business of lending and will continue to provide financing to qualified applicants,” it said in a statement today, in response to a recent media report on purported loan restrictions.