KUALA LUMPUR: Banks will offer a six-month moratorium on the installment of all credit facilities (excluding credit cards) for individuals, all microenterprises; and all small and medium enterprises (SMEs) affected by the Covid-19 pandemic. ABM and AIBIM said the moratorium reflected the member banks’ continued commitment to provide comprehensive support to its borrowers and customers. Borrowers/customers who wish to take up this moratorium will need to contact their banks from July 7, 2021 onwards. “Borrowers/customers can rest assured of the full commitment by member banks to ensure all issues will be addressed on a timely basis, ” they said. ABM and AIBIM member banks do not appoint or engage third parties or agents for purposes of the moratorium, ” they said.

Source: The Star June 29, 2021 10:07 UTC