Banks could lose capacity to provide RM79b loans due to moratorium

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz under the six-month moratorium from April to September, total losses are expected to hit RM6.4 billion. - bernama

KUALA LUMPUR: Banks could see a reduction in their capacity to disburse new loans worth RM79bil over the six-month moratorium period from April to September.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said over the moratorium period, total losses are expected to reach RM6.4bil.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Zafrul Abdul Aziz , MFRS 9 , moratorium

Next In Business News
World markets jolted, dollar dips as Trump vows tariffs on Europe over Greenland
Oil prices steady as ebbing Iranian protests lower chance of US attack
Foreign funds log second straight week of net inflows of RM716.1mil
Ringgit opens higher against greenback on better-than-expected 4Q GDP estimates
FBM KLCI slips on profit-taking as US-EU geopolitical tension escalates
Trading ideas: Binastra, Capital A, Allianz, MN, Vestland, Genting Plantations, YTL Cement, Pimpinan Ehsan, TH Plantations, Marine & General, FGV, SumiSaujana
Press Metal earnings outlook bright thanks to hedging
EU set to halt approval for trade deal with the US�
If I were an ageing oil palm tree
Hurdles in DBS’ Alliance Bank bid

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.