13 banks come to the aid of flood victims

TheStar Fri, Jan 15, 2021 04:38pm - 3 years View Original


An aerial view of the floods affecting Kota Tinggi in Johor earlier Monday (Jan 4). - Bernama pic

KUALA LUMPUR: A number of 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, 13 banks, namely 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, OCBC Bank Bhd, and Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) have rendered financial assistance to customers affected by the floods, with the number of evacuees reaching 48,000.

The banks are offering loan moratorium for up to six months, with some providing deferment of loan instalment and waiver of late payment charges.

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