KUALA LUMPUR, March 19 -- MBSB Bank Bhd is offering financial relief to its retail, corporate and small and medium entreprise (SME) clients affected by COVID-19 nationwide with immediate effect.
The bank said affected retail customers are offered a six-month moratorium on installment payment for financing and they may also opt to restructure or reschedule their financing.
It said for corporate and SME clients, who are directly or indirectly affected by the pandemic, especially those in industries such as hospitality and tourism, may apply for financing restructuring and rescheduling.
“We will do what we can to help alleviate the financial burden of affected customers from the COVID-19 outbreak,” president and chief executive officer Datuk Seri Ahmad Zaini said in a statement today.
Meanwhile, the bank said it has taken precautionary measures to mitigate the risks of business disruption in the event of severe pandemic by splitting its critical functions to operate from primary and secondary sites.
“The bank has also implemented a ‘Work From Home’ directive for its employees, except those who are managing essential services,” it added.
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