HLB offers loan moratorium, financing to flood victims

HLB group managing director and chief executive officer Domenic Fuda (pic) noted the heavy rains have affected over 27,000 people across various states and this is on top of the impact of the pandemic. “Since last week, we have identified and engaged directly with our customers in the affected areas to offer them immediate relief assistance so as to ease their burden and help them recover from this as quickly as possible.

PETALING JAYA: Hong Leong Bank (HLB) and Hong Leong Islamic Bank have initiated a “Flood Relief Assistance” programme offering up to a six-month payment deferment for all loan and financing facilities, including credit card, to help customers that are affected by the recent floods in several states.

The group said additional financing would also be made available to existing small and medium enterprises (SMEs) and commercial customers who require working capital to facilitate their business recovery as a result of the floods.