Alliance Bank Extends Financial Assistance To Customers

This is a challenging time for everyone who are impacted by the ongoing COVID-19 pandemic.

With this in mind, Alliance Bank Malaysia Berhad (“Alliance Bank” or the “Bank”) is extending its relief assistance to help customers. The Bank has been providing moratoria on loan instalments, and restructuring or rescheduling (R&R) of loans for customers.

Joel Kornreich, Alliance Bank’s Group Chief Executive Officer

In a statement, Alliance Bank’s Group Chief Executive Officer, Mr. Joel Kornreich said that business owners are struggling to sustain their business cash flows, and individuals are also financially impacted by the current situation.

To date, the Bank has approved financing close to RM70 million to affected businesses and consumers under several financial relief initiatives, such as the COVID-19 Special Financing Facility for SMEs.

Kornreich pointed out that their relationship managers have been actively engaging with the customers to discuss, assess, and tailor the right solutions for them in their time of need.

In addition, all Alliance Bank customers will receive a fee rebate for each ATM MEPs transaction beginning 26 March 2020 for a period of 1 month,” he added.

Among the measures offered by the Bank to help alleviate the financial strains of its customers are COVID-19 Special Financing Facility, Moratorium on Loan/Financing Repayment, Loan Restructuring and Digital Banking Accessibility.


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