CIMB to extend help to hardest-hit sectors

CIMB has approved more than RM1 billion in relief funds to SMEs, of which RM700 million is under the Bank Negara’s special relief fund. – The Malaysian Insight file pic, June 30, 2020.

CIMB Group Holdings Bhd will engage with borrowers from the hardest-hit sectors to extend support and restructure terms, where necessary, said group chief executive officer Abdul Rahman Ahmad.

In a statement, Rahman said as the moratorium period is ending, the focus for CIMB, as with other financial institutions, will move towards a more targeted assistance approach.

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