Bank Islam Malaysia Berhad Offers Financial Relief Measures to SMEs and Individual Customers Affected by Flooding in Malaysia

Bank Islam Malaysia Berhad has announced financial relief measures to help small and medium-sized enterprises (SMEs) and individual customers affected by the recent floods in Malaysia. The relief measures include a Disaster Relief Funding Program for SMEs and a Prihatin Banjir Program for individual customers, offering financing, payment flexibility, and other forms of assistance to ease their financial worries during this challenging time.

Key Takeaways:

• The Disaster Relief Funding Program provides financing to repair or replace damaged business assets and working capital for eligible SMEs in flood-prone areas, with a moratorium of up to six months.
• The Prihatin Banjir Program offers a deferral of monthly installment payments for up to six months for Home, Personal, and Vehicle Financing-i customers affected by the floods.
• Bank Islam also offers free replacement for damaged or lost debit cards and cheque books for affected customers.
• The financial assistance measures are available at all Bank Islam branches nationwide, with more information available on the bank's corporate website.
• Bank Islam's support for affected customers and businesses is not limited to the current crisis but will continue beyond the post-disaster period, with resources tailored to help clients rebuild, adapt, and grow in the long term.

Statistics:

• 100 branches and over 900 self-service terminals nationwide
• Up to six months' moratorium on loan repayments for eligible SMEs and individual customers
• 3 months after the incident, applications for financial assistance can be submitted at the nearest Bank Islam branch
• 100% replacement for damaged or lost debit cards and cheque books for affected customers

Sources:

• Bank Islam Malaysia Berhad
• Contify.com (2017)
• Bank Islam Group's corporate website (www.bankislam.com)
• National Disaster Management Authority (NADMA)