Loan moratorium only for the needy, says AmBank chief

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AmBank group’s chief says only those in need should enjoy a further moratorium on loan repayments. (Bernama pic)KUALA LUMPUR: Only some customers of AmBank Group will enjoy a moratorium on repayments on their bank loans after the current six-month suspension ends, the group’s chief executive, Sulaiman Mohd Tahir, said today. He said a blanket extension of relief was not wise, as most most businesses had resumed operations in the current recovery phase of the Covid-19 crisis. “We should be looking at certain segments, and groups of people who require it. I am sure banks (are) in the position to also help out, in terms of people who are affected very much as the result (of the pandemic),” he said at a news conference here. “However, I don’t think it is wise to go for a blanket kind of moratorium like what we did before because at the time, during the MCO (movement control order per…