Change needed on how banks treat moratorium

“The government and banks are talking to each other and we would like to see what (would) be the next step. We don’t want to call it a moratorium, as moratorium is expensive for everybody, ” group CEO Wan Razly Abdullah said at a press conference after its AGM.

KUALA LUMPUR: Affin Bank Bhd says there should be a change as to how banks treat loan moratorium, moving forward, as it seeks to reduce economic losses from the Covid-19 pandemic.

“The government and banks are talking to each other and we would like to see what (would) be the next step. We don’t want to call it a moratorium, as moratorium is expensive for everybody, ” group CEO Wan Razly Abdullah said at a press conference after its AGM.