AmBank extends repayment aid plan until June 2021


Group chief executive officer Datuk Sulaiman Mohd Tahir (pic) said in a statement that the bank had already provided repayment assistance for loans and facilities amounting to more than RM11bil so far.

PETALING JAYA: AmBank Group is extending its targeted repayment assistance programme until June 30,2021 to support SMEs and Malaysians affected by the Covid-19 pandemic.

Group chief executive officer Datuk Sulaiman Mohd Tahir said in a statement that the bank had already provided repayment assistance for loans and facilities amounting to more than RM11bil so far.

Announcing the extension, the bank intends to provide more assistance to customers impacted by job losses or are facing reduced monthly income due to the pandemic.

To recap, since the start of the moratorium period in March, AmBank has reached out to its lending and financing customers through SMS blasts, telephone calls and engagement with customers, emails, website announcements as well as social media platforms.

Selected AmBank branches have also been opened to assist customers who are facing financial constraints.

Sulaiman said AmBank was making available tailored rescheduling and restructuring plans to suit and meet its customers’ respective financial commitments. “We have reached out to more than 500,000 customers to offer repayment assistance, ” he said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

   

Did you find this article insightful?

Yes
No

Next In Business News

IATA calls on governments to work with air transport industry on restart plans
Cathay Pacific raises US$870mil in convertible bonds to shore up liquidity, shares fall
Retail darlings dented after Reddit group briefly shuts doors
Asia stocks follow Wall St tumble on valuation worries
Apple sees revenue growth accelerating after setting record for iPhone sales, China strength
ANALYSIS-Chinese retail banks gain consumer lending clout as fintechs fall out of favour
EXPLAINER-How retail traders squeezed Wall Street for bets against GameStop
Oil prices end mixed, despite big U.S. crude stock drawdown
Fed still in crisis-fighting mode as recovery appears to moderate
GLOBAL MARKETS-Stocks tumble on recovery fears, US$ climbs

Stories You'll Enjoy


-->