AGAINST an evolving outlook on Covid-19, banks are facing the challenge from this crisis head-on, with a focus on providing flexible loan repayment and restructuring packages with speedy approvals. In the case of Public Bank Bhd customers, customers can choose to take part or opt-in for the moratorium with no submission of documents required. (pic above)“Access to funds and financial advisory support is crucial to economic recovery,’’ said Standard Chartered Malaysia managing director and CEO Abrar A. During this six-month period of assistance, Standard Chartered customers are not required to make any repayment; no late payment charges, penalties or compounding interest or profit will be imposed. Financial aid by Standard Chartered is extended to manage cash pressures of its clients and to support local communities.

Source: The Star July 19, 2021 00:33 UTC