Banks’ asset quality to take hit post six-month moratorium

Commenting specifically on Malaysian banks this week, US credit rating agency Moody’s Investors says banks in Malaysia now face a “higher risk” of asset deterioration as a result of the recently introduced six-month debt moratorium.

IT is a sign of the times when banks are told to start being sympathetic towards their customers and clients.

HSBC Holdings, one of the largest banks in the United Kingdom recently set up a global restructuring team for clients striving to cope amid the Covid-19 pandemic which has caused economic growth worldwide to grind to a halt.