Banks will find it tough to extend loan moratorium till year-end
Banks have to make a profit, too, and can’t afford to absorb a reduced flow of loan repayments. – The Malaysian Insight pic by Afif Abd Halim, May 23, 2020.
BANKS should consider extending their current six-month moratorium on loans as it would ease the pressure on Malaysian households trying to survive the impending recession, said economists. Some experts, however, admitted this is a tough request as banks cannot afford to continue to absorb a reduced flow of loan repayments, which would inevitably impact their bottom line.
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