Banks extend targeted loan repayment assistance

Meanwhile, Public Bank managing director and chief executive officer Tan Sri Tay Ah Lek (pic) said the bank’s repayment assistance packages have been carefully structured, taking into consideration our customers’ temporary cash flow constraints

PETALING JAYA: Major banks have announced plans to extend targeted loan repayment assistance for individuals and small and medium-sized enterprises (SME) once the six-month loan moratorium ends on Sept 30,2020.

CIMB Bank Bhd and CIMB Islamic Bank Bhd, for instance, yesterday said the group had employed data analytics to identify those potentially most affected and will be proactively engaging these customers with regards to the bank’s targeted repayment assistance programme post-moratorium.