Banks have enough capacity to extend moratorium period - deputy minister

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Abdul Rahim Bakri told Dewan Rakyat that legal action will be avoided on borrowers unable to service loans after moratorium ends.

Banks in the country are capable of extending the moratorium period from October to December, as they have adequate buffers.

Deputy Finance Minister I Abdul Rahim Bakri said every moratorium extension decision announced by the government was regulated by Bank Negara Malaysia and entailed the involvement of the Association of Banks in Malaysia...

 

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