Decision on six-month bank moratorium to be decided soon, says Zafrul

"With regards to the discussions with Bank Negara and the banking sector on the way forward, they have given a commitment to continue assisting the rakyat and businesses that need help in this trying time.

He added that the banks had lost a total of RM6.4bil since the implementation of the moratorium, which affected their capacity in providing new loans totalling some RM79bil. "For these groups, targeted assistance is being considered by the banks who are also taking proactive steps in contacting borrowers," he added.

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Banks will suffer RM6.4b over loan moratorium | New Straits TimesNSTnation In total, by the time the moratorium period ends in September, tzafrul_aziz said the banking sector would suffer a loss of RM6.4 billion collectively. Parliament14 DewanRakyat
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Finance Minister: Banks will suffer losses of RM6.4b in total over loan moratorium | Malay MailKUALA LUMPUR, July 27 — Malaysia’s banks suffered losses of RM1.06 billion monthly, owing to the six-months loan moratorium period, Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz said today. Tengku Zafrul told Parliament that collectively, banks will suffer a loss of RM6.4 billion...
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