KUALA LUMPUR, May 4 Malaysia's six largest banking groups by assets are well positioned to face competition from innovative digital banks following the announcement of five new digital entrants announced by Bank Negara Malaysia (BNM) recently. The six banking groups.
Published on: Saturday, January 16, 2021
By: Bernama
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Kuala Lumpur: Twelve banks have responded to the national call for moratorium assistance and flood aid relief, especially for those affected by the current flood situation.
Since Monday, Affin Bank Bhd, RHB Bank Bhd, Public Bank Bhd, Malayan Bank Bhd, Bank Simpanan Nasional Bhd, Bank Muamalat Malaysia Bhd, CIMB Bank Bhd, Bank Islam Malaysia Bhd, Alliance Bank Malaysia Bhd, Hong Leong Bank Bhd, SME Bank Bhd, and OCBC Bank Bhd have rendered financial assistance to customers affected by the floods, with the number of evacuees reaching 48,000.
The 12 banks are offering loan moratorium for up to six months, with some providing deferment of loan instalment and waiver of late payment charges.