KUALA LUMPUR: Public Bank and Public Islamic Bank offering moratorium of up to six months for the monthly instalment payments of loans and financing for affected individual and business customers. It said in a statement on Monday it had activated the relief assistance programme for its customers affected by the novel coronavirus (2019-nCoV). Public Bank managing director Tan Sri Tay Ah Lek said the bank continues to be considerate towards customers who face short term financial constraints due to the unexpected situation. Aside from the moratorium for affected customers which came into immediately, the bank would also accommodate requests by the affected customers to restructure or reschedule their loans and financing to assist in their cash-flow situation during this difficult time. “Public Bank stands ready to support customers through financial hard times.

Source: The Star February 10, 2020 09:00 UTC