Covid-19: Public Bank continues repayment aid


Public Bank managing director and CEO Tan Sri Tay Ah Lek said the bank remains fully committed to provide assistance for customers who need financial help under the prevailing challenges resulted from the unprecedented pandemic.

KUALA LUMPUR: Public Bank Bhd has reassured its customers affected by the Covid-19 that the repayment assistance will continue nationwide including rescheduling and extension of repayments.

It gave this assurance to the customers following the resurgence of the Covid-19 and several areas falling under Conditional Movement Control Order (CMCO) and Enhanced Movement Control Order (EMCO).

Public Bank managing director and CEO Tan Sri Tay Ah Lek said in a statement on Wednesday the bank remains fully committed to provide assistance for customers who need financial help under the prevailing challenges resulted from the unprecedented pandemic.

“In addition to the rescheduling of repayment plan for customers who encounter a reduction in income, all applications by customers who are unemployed arising from the pandemic have been granted a further three-month extension of loan moratorium.”

“With earlier six-month loan moratorium ended on Sept 30, Public Bank continued its commitment to provide assistance to customers who face financial constraints and actively engage them to provide further financial assistance, ” Tay said.

Public Bank’s loan repayment assistance programme consists of various flexible packages which are catered for the varying needs of individual customers and business enterprises.

On the targeted repayment assistance, Public Bank has so far approved more than 90,000 applications, accounting for almost 100% of total applications received from customers.

Of these approved cases, about 28% of applications have been granted extension of three-month loan moratorium due to the unemployment caused by the pandemic.

Tay said for the general public and customers, Public Bank assures continued banking services remain accessible throughout the movement control period.

“Our branches and online banking platforms will also remain operational to meet customers’ banking needs, ” he said.

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