AmBank Group extends repayment assistance and moratorium extension to SMEs

AmBank will be offering repayment assistance and moratorium extension to not only individuals but also SMEs, upon the expiry of the six-month loan moratorium on Sept 30.

Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group, said, “AmBank is now accepting requests for loan restructuring and rescheduling from customers. As per our previous announcement in June and our practise for the past few years now, we are committed to helping our customers in their times of need. We are further encouraged by the recent announcement by the Prime Minister on a targeted extension for the moratorium on bank loans.”

“To this end, we are prioritising the needs of our customers in this difficult time and will be offering repayment assistance and moratorium extension to help our customers meet their payment obligations. Our targeted programme will benefit customers who lost their jobs this year and have yet to find employment as well as employees with reduced wages. Our assistance will further extend to SMEs as we understand that many businesses are highly affected by the aftermath of the Covid-19 pandemic.”

“We encourage our customers to reach out to our customer service team or relationship managers to discuss further on this,” concluded Sulaiman.

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