Bank Negara Malaysia (‘BNM’) issued a press release
on 25 March 2020 announcing measures to be adopted by licensed banks, licensed investment banks, licensed Islamic banks and prescribed development financial institutions (each as ‘FI’) in Malaysia to assist individuals, small and medium enterprises (‘SME’) and corporations to cushion the impact of the Covid-19 outbreak. A set of FAQs
relating to these measures was also issued by BNM on the same day.
A summary of these measures are as set out below.
Moratorium on repayment of/payment of loans/financing