Pain now, profit later with longer moratorium, says analyst
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Title : Pain now, profit later with longer moratorium, says analyst
Category : Malaysians
A longer moratorium on loan repayments would reap benefits for banks in the long run, says an economist. (Bernama pic)PETALING JAYA: An economist has stated his support for an extension to the six-month moratorium on bank loans, calling on banking institutions to see “the bigger picture” although they might suffer for a while. Carmelo Ferlito, senior fellow of the Institute for Democracy and Economic Affairs, said helping businesses and households under financial stress to get back on track would pay off in the long run. The extension of the moratorium might be the best way to prevent customers from defaulting on loans, as banks would lose their credit rating if customers default. “A moratorium extension could be the best way for the banks to ensure future cash flow; a delay is better than a deletion. In the short run, the extension may create troubles for banks, sure. But it cou…
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