438,000 Public Bank customers receive Covid-19 repayment assistance as at end-2021


KUALA LUMPUR: About 438,000 Public Bank customers with whole loans of about RM83 billion have obtained COVID-19 repayment assistance as at end-2021 to handle their debt burden.

The financial institution stated it has constantly reached out to its customers to make sure that these in want of economic assistance receive the required assist, as effectively as offering help to small and medium enterprises (SMEs).

It stated help for SMEs stays unwavering through the COVID-19 pandemic the place about RM3.4 billion of financing has been permitted underneath particular schemes initiated by the federal government and Bank Negara Malaysia (BNM), benefiting greater than 17,000 SMEs throughout this unprecedented interval.

“Public Bank has been proactive in offering help to its customers because the starting of COVID-19 and can proceed to supply repayment assistance to these affected by the pandemic whereas supporting the nation’s financial restoration.

“Every single ringgit of financing that goes to SMEs could have a excessive multiplier impact, from the acquisition of uncooked supplies to paying staff’ salaries and finally contributing taxes.

“Public Bank, as one of many predominant SME financiers within the nation, will proceed to supply financing entry to SMEs in help of the nation’s financial restoration,” managing director and chief government officer Tan Sri Tay Ah Lek stated in a press release.

Going ahead, he stated Public Bank is totally dedicated to additional strengthen its function as a monetary middleman contributing to the nation’s improvement.

“Public Bank is totally supportive of BNM’s Financial Sector Blueprint 2022-2026. Guided by the three broad themes underneath the Blueprint, ‘Finance For All’, ‘Finance For Transformation’ and ‘Finance For Sustainability’, Public Bank goals to additional propel its power in banking to help the nation’s financial transformation and strengthen monetary well-being for households and companies, whereas accelerating the transition to a greener financial system,” he added. – Bernama

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