In a recent interview, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz (pic) said it was up to the banks if they wished to extend the six-month loan moratorium.
PETALING JAYA: Any extension of the loan moratorium which ends in September could significantly reduce banks’ cash inflow and may see some impact on the system’s liquidity.
Analysts told StarBiz that there could also be a modification loss in the form of a one-off day one provision for banks, as they would not be able to collect the additional interest, for example, on hire purchase instalments for the moratorium period if it were to be extended.
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