: Bank Negara Malaysia should extend the six-month loans repayment moratorium that ended last month to prevent more job losses and businesses going bust, said businessmen and other concerned citizens.
Even if banks were to halve their after-tax profits or break even, they would still be far better off than other sectors of the economy, said another businessman. A former senior bank executive said BNM should make a firm decision on extending the moratorium instead of leaving it to individual banks to work out mutual arrangements with borrowers, especially those having housing and car loans.
Others interviewed pointed out that the central bank should be “more sensitive” towards the genuine hardships faced by the rakyat, especially borrowers from the B40 group, with the worsening economic and pandemic situation. Several public transport entrepreneurs have also joined the appeal for an extension of the moratorium.
Source: Loan Digest (loandigest.net)
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