Bank Rakyat assists laid-off borrowers

Bank Rakyat is prepared to extend the loan repayment period of borrowers who have been retrenched. The bank's objective is to ease borrowers' financial burden in these difficult times, but borrowers who have been laid off must make a written appeal, said Managing Director Datuk Kamarulzaman Che Mat.

Kamarulzaman explained that the bank's focus on domestic financing, involving more than one million civil servants who are expected to continue taking loans, increased the bank's profit margins.

Bank Rakyat chalked up US$92,704,103 in pre-tax profit in first three months of this year.

Kamarulzaman said that while the strategy prevented the sluggish economic climate from adversely affecting the bank's overall profit, he does not discount the probability of retrenched borrowers unable to service their loans to have an impact on the bank's profit.

Follow the link for more news on

Also Read

Taiwanese banks extend more loans in August

ING disbursed $35.37b in sustainable finance in Q2

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit