, Malaysia
Photo by Kelly Sikkema via Unsplash.

Public Bank offers repayment relief to Malaysia flood victims

Customers affected by the floods can defer monthly loan payments for up to 6 months.

Malaysia’s Public Bank and Public Islamic Bank are offering repayment relief for loan and financing customers affected by the flooding in several states in Malaysia.

In a press release, Public Bank said that they are offering deferment of monthly installment for loan and financing of up to 6 months, on a request basis.

The relief is applicable to loan and financing facilities such as house financing, hire purchase, and credit cards. SME loans and financing for affected local businesses are also covered.

“Public Bank stands ready to support customers who have been affected by the massive floods. The repayment relief would alleviate their financial burden and also help them to restore their livelihood,” said Public Bank’s managing director and CEO, Tan Sri Dato’ Sri Dr. Tay Ah Lek.

ALSO READ: Malaysia’s Public Bank enables Google Wallet payments for Visa card holders

Public Bank and Public Islamic Bank are also waiving charges for replacement of banking-related documents, such as bank cards and passbooks that may have been destroyed or lost in the floods.

The bank is also collaborating with Lonpac Insurance Bhd to expedite claims made by affected customers on losses covered by insurance policies underwritten by the Insurance firm.

SMEs and micro enterprises affected by floods located in districts identified by Agensi Pengurusan Bencana Negara as flood disaster areas are also eligible to apply for the Bank Negara Malaysia’s Disaster Relief Facility.

This facility is for the purpose of repairs or replacement of assets for business use, such as plants and machinery which have been damaged by floods, as well as for working capital purposes, Public Bank said.

Follow the link for more news on

Join Asian Banking & Finance community
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!


Regulatory caps on neobanks’ operations could stifle growth, expert warns
Despite questions arising from the recent rise of deposit caps in neobanks, incumbent banks are left unfazed.
Tempered adoption of AI tools may spell greater leap for fintech firms
Expert underscores generative AI’s strength in streamlining front-of-office work, but banks on human expertise for in-depth development.
Advisory takes centre stage in Danamon's next-Generation Branches
Danamon’s next-generation branches reshape banking by performing more advisory functions and improving customer experiences.