Six-month moratorium period is good enough

“No, we won’t consider it, as we think that the six-month moratorium period is a good enough period to come up with a plan (to restructure etc). None of us knows how long or how deep the impact from Covid-19 is going to be, ” group CEO Datuk Abdul Farid Alias (pic) said at a virtual press conference after its AGM yesterday.

KUALA LUMPUR: Malayan Banking Bhd (Maybank) does not think there is a need for the loan moratorium to be extended past the September deadline.

“No, we won’t consider it, as we think that the six-month moratorium period is a good enough period to come up with a plan (to restructure etc). None of us knows how long or how deep the impact from Covid-19 is going to be, ” group CEO Datuk Abdul Farid Alias said at a virtual press conference after its AGM yesterday.