Friday 29 Mar 2024
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KUALA LUMPUR (March 19): Affin Bank Bhd has announced special relief measures for retail, small and medium enterprises (SME) and corporate clients affected by the COVID-19 outbreak.

In a statement, the bank said it is offering a moratorium of up to six months and restructuring and rescheduling of financing facilities for retail customers who subscribed to mortgages, hire purchase, credit cards, education financing, ANSB financing and personal financing.

Additionally, the bank is also participating in Bank Negara Malaysia's special relief fund for SMEs which covers a special relief facility, an SME automation and digitalisation facility and an agro-food facility.

For corporate banking customers, Affin is providing temporary relief to affected eligible customers as stipulated under BNM’s Credit Risk Guidelines. Each request will be subjected to internal approvals and credit due diligence.

This relief may come in the form of rescheduling and restructuring, as well as a moratorium on loan repayments for up to six months.

All applications for the various forms of relief made available will be assessed and approved by the bank on a case-by-case basis.

“We are committed to continuing our support for our valued customers as the preferred banking partner by relieving them from further distress during these trying times”, said Affin group chief executive officer Kamarul Ariffin Mohd Jamil.

The bank is encouraging customers to perform their banking transactions via its online banking platform. All branches will remain open following normal business hours, with the bank undertaking precautionary measures such as temperature screenings for all customers wishing to enter its branches.

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