HSBC Malaysia To Extend Financial Assistance To Individuals And SMEs

HSBC Bank Malaysia and HSBC Amanah Malaysia will extend the prevailing financial assistance programmes for individuals and SMEs, in Malaysia, affected by the pandemic.

This follows Bank Negara Malaysia’s (BNM) announcement, today, to extend support in the face of rising economic challenges caused by Covid-19.

The following customers will be eligible:
 Individual retail customers or their spouses categorised as B40 and registered on Bantuan Sara Hidup (“BSH”) or Bantuan Prihatin Rakyat (“BPR”),
 Microenterprises and SMEs that are directly impacted as they are unable to operate during the Full Movement Control Order (FMCO),
 Individual retail customers who have recently suffered loss of employment due to the pandemic

Eligible customers may apply for HSBC’S programmes and choose either a 3-month deferment or up to 50 percent reduction in monthly instalments for six months. All retail customers with reduced income, may also apply for a reduction in monthly instalments for six months.

Stuart Milne, CEO, HSBC Malaysia, said, “Malaysian families and businesses are enduring the toughest of conditions that is testing the resiliency of all. This is a collective problem that requires collective solutions, and we remain steadfast in our support of customers to ensure they can withstand the current challenges. We hope these measures continue to offer relief to
individuals and businesses affected by the fallout from the Covid-19 virus”,

Customers can also continue to utilise the Bank’s online banking platforms such as online banking, HSBC mobile banking application, HSBCnet and Internet Trade Services which allows customers to manage their personal and business accounts as well as trade finance digitally from home or alternative locations 24/7. HSBC Evolve and GetRate also remain accessible for customers’ Foreign Exchange needs.

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