Protect people, not the banks, Guan Eng tells govt

Ravin Palanisamy

DAP chairman Lim Guan Eng says research carried out by banks contradicts the government’s stance that they do not gain from OPR increases. – Facebook pic, September 18, 2022.

THE government should always look out for the well-being of its people rather than protect banking institutions, DAP chairman Lim Guan Eng said today.

Alleging that banks made handsome profits even during Covid-19 pandemic despite sanctioning loan moratoriums, the former finance minister urged the government to demand banks share their “good fortune” following the rise in overnight policy rate (OPR).

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