Bank Islam assists 350,000 in TRA programme involving RM37.9 bil

KUALA LUMPUR (Jan 24): Bank Islam Malaysia Bhd has assisted 350,000 individuals and businesses impacted by the Covid-19 pandemic through its financial relief assistance, amounting to RM37.9 billion.

Chief executive officer Mohd Muazzam Mohamed said since the roll-out of the Bank Islam Targeted Repayment Assistance (TRA) programme in October 2020, almost 24,000 applications with outstanding financing amount of more than RM3 billion had been approved.

“As a responsible bank, we believe in helping our customers manage their financial obligations, especially in this trying time.

“The bank has been consistently communicating with our customers to provide the support they needed. We remain committed to assisting them in navigating through this difficult period,” he said in a statement.

Bank Islam said its banking services will remain accessible via mobile and online platforms throughout the Movement Control Order period to meet customers’ needs.

Source: TheEdgeMarkets