Public Bank provided RM40b in loan relief assistance

For the B40 segment, individual customers who have lost their jobs as well as SMEs/ microenterprises that are not allowed to operate during the MCO, Public Bank is offering a loan deferment for three months, or a 50% reduction in the monthly instalment payment for six months.

KUALA LUMPUR: Public Bank Bhd’s targeted repayment assistance programme has assisted over 160, 000 customers with relief assistance amounting about RM40bil during the Covid-19 pandemic.

Its managing director and CEO Tan Sri Tay Ah Lek said on Monday the approval rate was close to 100% of total customers’ submissions.