Bank Rakyat gives moratorium on RM6 bln payment obligations

KUALA LUMPUR: Bank Rakyat has granted its customers a moratorium on repayments totalling RM6 billion, according to chief executive officer Datuk Rosman Mohamed. During the six-month period of the moratorium, the country’s largest Islamic cooperative bank was refraining from collecting about RM1 billion every month, he said. But despite the huge amount involved, Rosman described the effort as highly necessary to assist society during the Covid-19 pandemic. “Assistance should […]