KUALA LUMPUR - Malaysia's banks will offer broader loan deferrals that will involve RM100 billion of funds as the country seeks more ways to soften the pandemic's impact on its economy.
Corporate borrowers will be allowed to defer or restructure their borrowings in order to protect jobs and resume activities once the situation improves, according to the statement. Among the changes: Banks can draw down capital conservation buffer of 2.5 per cent, operate below minimum liquidity coverage of 100 per cent and use regulatory reserves set aside during times of strong loan growth;
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