Bank Rakyat grants moratorium on RM6b loans

Bank Rakyat chief executive officer Datuk Rosman Mohamed: "In addition to introducing the moratorium as part of the Prihatin Rakyat Economic Stimulus Package, Bank Rakyat has allocated RM300 million under the Bank Rakyat Cares (BRCares) campaign that runs until Sept 30."

KUALA LUMPUR: Bank Rakyat has granted its customers a moratorium on repayments totalling RM6 billion, according to chief executive officer Datuk Rosman Mohamed (pic below).

During the six-month period of the moratorium, the country’s largest Islamic cooperative bank was refraining from collecting about RM1 billion every month, he said.