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Bank Negara orders banks to grant six-month repayment moratorium
Published:  Mar 24, 2020 2:02 PM
Updated: Mar 25, 2020 3:51 AM

Banks have been instructed to grant an automatic six months moratorium on all loan and financing payments, except for credit card balances, beginning April 1.

In a letter to all banking institutions today, deputy Bank Negara governor Jessica Chew said the goal of this move is to ease cash flow of SMEs and individuals in view of the Covid-19 outbreak.

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