Public Bank Bhd’s net profit for the second quarter ended June 30, 2021 (Q2 2021) soared to RM1.38 billion from RM1.0 billion posted in the same quarter last year
KUALA LUMPUR: Public Bank posted higher net profit of RM1.38bil in the second quarter ended June 30, 2021 compared with a year but on a quarter-on-quarter it showed a decline due to higher preemptive provisions for loan impairment.
Moratorium a win-win solution for both sides
July 1, 2021
KUALA LUMPUR – The six-month moratorium on bank loan repayments announced by Prime Minister Tan Sri Muhyiddin Yassin under the National People’s Well-Being and Economic Recovery Package (PEMULIH) last Monday was expected to be the most awaited news, especially by borrowers whose income is affected by the implementation of the Movement Control Order (MCO) since March last year to curb the spread of COVID-19.
However, hardly 24 hours after the announcement, some quarters expressed their dissatisfaction and confusion on the matter, especially after Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz clarified that the moratorium would not be interest free.
01 Jul 2021 / 09:29 H.
KUALA LUMPUR: The six-month moratorium on bank loan repayments announced by Prime Minister Tan Sri Muhyiddin Yassin under the National People’s Well-Being and Economic Recovery Package (Pemulih) last Monday was expected to be the most awaited news, especially by borrowers whose income is affected by the implementation of the Movement Control Order (MCO) since March last year to curb the spread of Covid-19.
However, hardly 24 hours after the announcement, some quarters expressed their dissatisfaction and confusion on the matter, especially after Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz
(pix) clarified that the moratorium would not be interest free.