Malaysia

OCBC Bank offers loan deferment, restructuring aid to flood-hit customers

Both individual, enterprise customers eligible for assistance, says bank

Updated 5 years ago · Published on 14 Jan 2021 12:22PM

OCBC Bank offers loan deferment, restructuring aid to flood-hit customers
OCBC Bank chief executive officer Datuk Ong Eng Bin says eligible personal banking and SME customers can look forward to support in the form of a three-month deferment of instalments or a 12-month reduction in instalments. – Bernama pic, January 13, 2021

KUALA LUMPUR – OCBC Bank (Malaysia) Bhd (OCBC Bank) and OCBC Al-Amin Bank Bhd (OCBC Al-Amin) are offering loan/financing deferment and restructuring assistance to customers affected by the floods in Kelantan, Pahang, Terengganu, and Johor.

Eligible customers include corporate, small and medium enterprises and individual customers, said the bank in a statement today.

OCBC Bank chief executive officer Datuk Ong Eng Bin said eligible personal banking and SME customers could look forward to support in the form of a three-month deferment of instalments or a 12-month reduction in instalments.

“The bank is committed to assisting its customers, especially those who have been affected twice over by the pandemic and now the floods.

“When the floods hit, we made a RM100,000 contribution to Mercy Malaysia for their flood relief programmes involving everyone who has been affected. 

“But we also see the need to render more particular assistance to our affected customers as well,” he said in a statement today.

Ong added while the bank had already been in touch with several customers, it encouraged those who still needed the assistance to come forward immediately.

Personal banking customers can apply by calling the dedicated OCBC hotline 03-8317 5011 during office hours or by emailing [email protected] beginning January 18, 2021, while SME customers may visit www.ocbc.com.my/sme/floodrelief from January 20, 2021 onwards to register their interest.

The bank will contact each customer to follow up on the application. 

Corporate customers may call their relationship managers directly. – Bernama, January 13, 2021

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