Chairman of ABM, and Maybank group president & CEO, Datuk Abdul Farid Alias said the the measures announced by Bank Negara have been designed not only to support customers, but also to ensure that banks can continue to play their role in sustaining the country’s economy.
KUALA LUMPUR: The Association of Banks in Malaysia (ABM) has come up in full support for Bank Negara Malaysia’s proposed moratorium on payment of interest and principal for credit facilities for six months with effect from April 1.
It said in a statement on Wednesday there would be an automatic extension of current credit facilities of six months to retail (excluding credit cards) and SME customers.
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