Banks offers flood relief assistance to affected customers nationwide
Banks are offering relief assistance aims to alleviate the financial burden of customers impacted by the floods, which caused significant property damage.
--fotoBERNAMA (2021) HAK CIPTA TERPELIHARA
KUALA LUMPUR: Malayan Banking Bhd (Maybank) is offering flood relief assistance to individuals, small and medium enterprises (SME) and other non-retail customers affected by devastating floods arising from heavy rainfall over the past few days.
The relief assistance aims to alleviate the financial burden of Maybank customers impacted by the floods, which caused significant property damage and made many roads impassable.
The flood relief assistance is designed to address the challenges the flood victims are facing and will include, amongst others, deferment of financing and loan payment, a reduction in monthly instalment or extension of repayment tenure.
Additionally, Maybank offers a waiver of fees and charges for selected services, such as replacing debit cards, ATM cards or cheque books lost or damaged during the floods.
It will also provide a waiver for late charges for affected customers' credit cards.
Meanwhile, Maybank Group's insurance arm, Etiqa, has put in place a quick and easy claim process for its insurance policyholders and takaful certificate holders, with no forms or supporting documents required.
On-site claims for amounts less than RM20,000 will be approved instantly.
Apart from claims, Etiqa is also assisting flood victims by distributing relief packets to affected areas.
"Given the significant impact arising from yesterday's flood, it is crucial for us to render assistance through any means possible to our communities and employees so that we may overcome this challenging period together," said Maybank group president and chief executive officer Datuk Sri Abdul Farid Alias.
"We have granted paid leave on 20 December for affected employees in Federal Territory of Kuala Lumpur, Selangor and other areas affected by the floods in line with our mission of Humanising Financial Services," he said.
AmBank Group is also rolling out targeted assistance for customers affected by the floods nationwide.
This programme provides targeted assistance to eligible customers who are struggling with the after-effects of the floods.
Customers are offered a moratorium of up to six months for all loans and financing facilities, including credit card facilities, with no late or penalty charges imposed during the moratorium period.
Furthermore, customers seeking replacement of passbook, cheque books, fixed deposit certificates, ATM, credit and debit cards will be waived of all incidental and replacement charges to help ease their burden.
"It is indeed a challenging time for our fellow Malaysians.
"The bank is committed to providing flood assistance to all our affected customers through our flood relief programme," AmBank Group group chief executive officer said Datuk Sulaiman Mohd Tahir said.
https://www.nst.com.my/business/2021/12/756009/banks-offers-flood-relief-assistance-affected-customers-nationwide
Singapore Investment
-
-
-
-
-
-
-
-
-
Gold on bullet train!16 hours ago
-
Chinese Garden and Japanese Garden17 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
-
全球贸易裂痕加深,投资者如何化危为机?2 days ago
-
-
-
-
-
Finance Investment Movement 563 days ago
-
-
-
The One Market Index I Truly Track4 days ago
-
-
-
-
-
-
-
-
-
-
FAQ on Quantitative Investing Part 21 week ago
-
-
-
-
-
-
-
-
-
-
US/China/SG stocks all crashed?1 week ago
-
Investing vs. Speculating1 week ago
-
-
-
-
-
-
-
-
-
Record Breaking Day of Loss2 weeks ago
-
-
1Q 2025 Investment Strategy Update2 weeks ago
-
-
-
Mar 2025 Portfolio2 weeks ago
-
Portfolio Summary for March 20252 weeks ago
-
-
-
-
Who am I?2 weeks ago
-
-
-
Portfolio (Mar 31, 2025)3 weeks ago
-
Portfolio (Mar 31, 2025)3 weeks ago
-
-
March 2025 Updates3 weeks ago
-
-
-
Going short4 weeks ago
-
-
-
-
-
-
-
-
-
-
The Ultimate SG-JB Geo Arbitrage: Petrol2 months ago
-
-
-
-
-
-
-
ETF vs Mutual Fund: Which is Better?2 months ago
-
Tiger Brokers (New Promo)2 months ago
-
-
-
-
-
-
-
-
-
-
Arigato Everyone! A Decade of Blogging!3 months ago
-
Top 10 Highlights of 20243 months ago
-
Why do I question about life?3 months ago
-
-
2023 Trading Recap – $11,000 in profit!4 months ago
-
-
Union Square Residences5 months ago
-
-
-
-
STI ETF6 months ago
-
-
-
Unibet Casino Bonus Codes 20247 months ago
-
-
-
-
-
-
Monthly IBKR Update – June 20249 months ago
-
-
Portfolio Transactions (May 2024)10 months ago
-
-
-
-
-
Breakthroughs in portfolio :)10 months ago
-
-
-
Feb 2024 Expenditure1 year ago
-
-
-
-
-
-
-
Monthly Summary of November 20231 year ago
-
Migration of website1 year ago
-
-
-
-
-
-
-
-
-
A New Light1 year ago
-
-
-
-
-
-
2022 Thoughts, Hello 2023!2 years ago
-
Series of Defaults for Maple Finance2 years ago
-
Takeaways from “Sea Change”2 years ago
-
Greed is Coming Back2 years ago
-
-
-
-
-
-
-
-
What is Overemployment2 years ago
-
Terra Hill Condo (former Flynn Park)2 years ago
-
Alibaba VS Tencent: The Battle Royale2 years ago
-
-
-
-
-
-
-
-
-
-
-
-
-