National Bank of Malaysia: small and medium-sized enterprises and individuals have suspended loan repayment for half a year since April

The National Bank of Malaysia announced that individuals and small and medium-sized enterprises were allowed to suspend the repayment of existing loans, financing and instalments of the bank for a period of six months. This is part of the measures taken by the National Bank of Malaysia to assist borrowers affected by the 2019 coronavirus epidemic. The National Bank of Malaysia said in a letter to the head of financial institutions on the same day that the relevant automatic suspension measures will take effect from April 1. "Banking institutions should provide individuals and small and medium-sized enterprise borrowers with sufficient information on how to deal with suspended loans, financing and instalments during the suspension period." the agency said that this automatic suspension measure only applies to loans or financing that are not in arrears for more than 90 days as of April 1. Source: Xingzhou daily