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KUALA LUMPUR: RHB Banking Group (RHB) has launched its flood relief assistance programme, offering immediate financial relief and long-term recovery support to individuals, micro, small and medium enterprises (MSMEs), available from now until Jan 31, 2025.
KUALA LUMPUR: Public Bank Bhd has reaffirmed its commitment to offer ongoing targeted repayment assistance to support customers facing loan repayment difficulty due to the Movement Control Order (MCO) and the effect of the COVID-19 pandemic.
KUALA LUMPUR: Bank Islam Malaysia Bhd is continuing its Enhanced Targeted Repayment Assistance (ETRA) for customers adversely impacted by the Covid-19 pandemic.
KUALA LUMPUR (Bernama): Bank Rakyat is extending its targeted financing repayment assistance period for customers affected by the Covid-19 pandemic, says acting chief executive officer Datuk Syed Abdul Aziz Syed Hassan
PETALING JAYA: Major banks have announced plans to extend targeted loan repayment assistance for individuals and small and medium-sized enterprises (SME) once the six-month loan moratorium ends on Sept 30,2020.
KUALA LUMPUR: More than 30,000 applicants, farmers and small-scale commodity growers have been approved to receive cash subsidy assistance under the Budi Madani initiative, as of Thursday (June 6).
Bank Islam Malaysia Bhd is continuing its Enhanced Targeted Repayment Assistance (ETRA) for customers adversely impacted by the COVID-19 pandemic.
PETALING JAYA: Banks’ targeted assistance approach to help needy customers is viewed as the most appropriate solution for now as the movement control order (MCO) 3.0 would likely be a short one.
KUALA LUMPUR: The Association of Banks in Malaysia (ABM) and its member banks are committed towards assisting customers who have been affected by the recent floods around the country.
KUALA LUMPUR: Starting today, B40, M40 and microenterprise customers of OCBC Bank (M) Bhd and OCBC Al-Amin Bank Bhd may apply online at www.ocbc.com.my for the enhanced targeted repayment assistance plans announced earlier by the Finance Minister.
PETALING JAYA: The enhancements to the targeted repayment assistance will be available to B40 borrowers who are recipients of the Bantuan Sara Hidup(BSH)/Bantuan Prihatin Rakyat (BPR) and microenterprises with loans where the original facility amount is up to RM150,000.
KUALA LUMPUR: Targeted assistance will enable banks to assess the unprecedented situation brought about by the Covid-19 pandemic and channel funds to much-needed sectors and aid economic recovery.
WITH less than two months to go before the current six-month automatic moratorium ends on Sept 30, it is timely for borrowers to consider their current and expected financial position come October so that Malaysians who are still affected by the Covid-19 pandemic can take proactive actions now.
PETALING JAYA: Banks will focus on targeted assistance upon the expiry of the loan moratorium in September, whereby the moratorium will only be offered to borrowers needing financial assistance, according to CGS-CIMB Equities Research.
PETALING JAYA: Lauding the moratorium extension and targeted bank assistance as timely, businesses say more measures should be introduced to help businesses to stimulate the economy.
“While non-performing loans would naturally rise, what is more important is the ability of banks to absorb the impact, ” Bank Negara says in response to the potential impact on banks as the loan moratorium expires in September.
KUALA LUMPUR: The World Bank reckons that subsidies should be targeted and hence welcomes the Malaysian government’s move to review the fuel and cooking oil assistance mechanisms.
KUALA LUMPUR: The World Bank reckons that subsidies should be targeted and hence welcomes the Malaysian government's move to review the fuel and cooking oil assistance mechanisms.
KUALA LUMPUR: With Budget 2025 set to be announced this Friday, SME Bank Bhd is calling for strategic measures to support the growth of small and medium enterprises (SMEs), focusing on sustainability, financial resilience, and digital transformation.
Positive spillover effects beyond economic stability key
