Banks have enough capacity to extend moratorium

So far RM66 billion out of RM100 billion allocated under the economic stimulus packages announced by the government had been used by banks for the moratorium assistance.

KUALA LUMPUR: Banks in the country are capable of extending the targeted moratorium period from October to December 2020, as they have adequate buffers.

Deputy Finance Minister I Datuk Abdul Rahim Bakri said every moratorium extension decision announced by the government was regulated by Bank Negara Malaysia (BNM) and entailed the involvement of the Association of Banks in Malaysia.