Bank Rakyat Offers Moratorium on Repayments of RM6 Bil Loans



Bank Rakyat has given a moratorium on repayments worth RM6 billion to its customers impacted by the Covid-19 pandemic.

During the six-month moratorium time, its chief executive Rosman Mohamed said the country’s largest Islamic cooperative bank refrained from raising around RM1 billion per month.
Given the immense amount involved, he added, there was a need for initiative to assist those impacted by the outbreak.

Ruang Bicara said that help does not come from the government alone, the whole nation should be chiping in. All wants to help bring the economy back on track. However, Rosman said that after the moratorium period, Bank Rakyat will be tight in terms of monitoring and debt recovery. Read  More...

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