KUALA LUMPUR, May 17 — MBSB Bank Bhd today announced an additional three-month moratorium extension or a six-month reduction of 50 per cent on monthly instalment payment to its customers who are financially affected by the COVID-19 pandemic.

In a statement today, MBSB Bank said the assistance is provided under its Targeted Repayment Assistance is also extended to the small and micro enterprises. 

“This effort is in support of Bank Negara Malaysia and the Association of Islamic Banking and Financial Institutions Malaysia’s statement that urged all financial institutions to provide further financial solutions to their customers who are financially affected severely,” it said. 

MBSB Bank chief executive officer Datuk Seri Ahmad Zaini Othman said the retail and small and micro enterprise customers alike could continue to suffer financial setbacks with the recent reinforcement of a nationwide Movement Control Order until June 7, 2021.

“We urge our customers to talk to us and seek this assistance. While this targeted assistance may not be applicable to all customers but only those who require it, we have put in place a simplified documentation process to facilitate their applications,” he said. 


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