‘Banks have enough capital buffer for loan moratorium extension’

BANKS have enough capital buffer to implement the loan moratorium extension as announced by the government, said Deputy Finance Minister I Datuk Abdul Rahim Bakri (pic).

To date, RM66bil out of the RM100bil allocation had been used by banks under the moratorium assistance through the economic stimulus package, he said.

“Each extension decision is regulated by Bank Negara and entails the involvement of the Association of Banks in Malaysia, ” he told Datuk Mohd Salim Sharif (BN-Jempol) during Question Time.