Malaysian banks don't deserve the bashing they're getting

Photo: Filepic/The Star

In recent weeks, I have noticed that banks are being vilified by politicians in the media as well as the public on social media.

Though most Malaysian banks reported a sharp drop in their second quarter earnings due to the Covid-19 pandemic, people say that since they are still making a profit they should do more for us, such as extending the moratorium on loan repayments across the board – the blanket moratorium ends on Sept 30. (Banks will be offering a targeted extension beyond that which is aimed at those who are most in need, such as the unemployed.)