Bank Simpanan Nasional Bhd (BSN) chief business officer Mujibburrahman Abdul Rashid urged local tourism players, whose businesses are impacted by Covid-19, to opt for loan or financing rescheduling and restructuring (R&R).
KUALA LUMPUR: Banks are putting in place a new credit assessment methodology before granting any facility to borrowers, according to Bank Simpanan Nasional Bhd (BSN) chief business officer Mujibburrahman Abdul Rashid.
The banking institutions are now looking at the borrowers’ future strategies especially on how they mitigate Covid-19 related impacts instead of relying solely on past historical data to determine the feasibility of their loan applications.
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