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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Trading ideas: RHB, Axiata, Yinson, Affin, Kimlun, AWC, Pansar, DC Healthcare, AwanBiru, Systech, Auro, Bursa Malaysia, HeiTech Padu, AmFirst REIT and Sin-Kung Logistics
EPF Account 3 draws concerns over dividends
Central bank governor unfazed by peso slump
Developers gearing up for higher sales
Kimlun wins RM150mil deal from Astaka
Systech gets shareholders’ nod for capital exercise
Huawei starts new smartphone Pura 70 sale amid scrutiny on chips
Smart Asia en route for listing on ACE Market
IGB-REIT likely to maintain organic growth
State-owned enterprises achieve milestone in key HSR construction

Others Also Read