CIMB to adopt targeted approach in moratorium

Group CEO of CIMB Group Datuk Abdul Rahman Ahmad said, "As we come to the end of the moratorium period, the focus for CIMB, as with other financial institutions, will be a more targeted assistance approach where we will engage borrowers from the hardest hit sectors to extend support and restructure terms where necessary.”

PETALING JAYA: CIMB Group Holdings Bhd will take a “targeted approach” to assist borrowers affected by the Covid-19 pandemic after the September moratorium deadline, says Group CEO of CIMB Group Datuk Abdul Rahman Ahmad.

“As we come to the end of the moratorium period, the focus for CIMB, as with other financial institutions, will be a more targeted assistance approach where we will engage borrowers from the hardest hit sectors to extend support and restructure terms where necessary, ” he said in a statement yesterday.