Financial institutions provide support during crisis

AmBank Islamic chief executive officer Eqhwan Mokhzanee (pic) said banks in Malaysia had come to the fore via schemes such as the moratorium, repayment assistance and targeted repayment assistance, and facilitated the intermediation of government and Bank Negara funds.

KUALA LUMPUR: Financial institutions, especially Islamic banks, must focus on their traditional roles of mobilising liquidity and solvency support to the real economy in times of unprecedented challenges such as the Covid-19 pandemic, according to a banker.

AmBank Islamic chief executive officer Eqhwan Mokhzanee (pic) said banks in Malaysia had come to the fore via schemes such as the moratorium, repayment assistance and targeted repayment assistance, and facilitated the intermediation of government and Bank Negara funds.