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BUSINESS

UOB Malaysia's COVID-19 relief assistance worth RM23.8 bln benefits 33,000 customers

11/10/2021 11:21 AM

KUALA LUMPUR, Oct 11 -- Relief assistance worth of RM23.8 billion has been extended to more than 33,000 customers under the United Overseas Bank (Malaysia) Bhd's (UOB Malaysia) COVID-19 Relief Assistance since the start of the pandemic until Sept 24, 2021.

In a statement, the bank said the assistance is to help individual customers and microenterprises, as well as small and medium enterprise (SME) customers overcome the financial impact caused by the prolonged movement restrictions.

Chief executive officer Wong Kim Choong said the bank saw a 120 per cent increase in the number of individual, microenterprise and SMEs customers applying between June and September 2021.

"Amid the jump in the number of applications for the past three months, we continued to maintain close to a 100 per cent approval rate of total loans and financing applied under the bank’s COVID-19 Relief Assistance programme.

"We will continue to offer support to customers requiring financial assistance to safeguard their lives and livelihoods during these trying times, even as we are seeing a gradual reopening of the economy," he said.

The bank said its Relief Assistance applications are still open for individual, microenterprises and SMEs customers.

It said under the National People’s Well-Being and Economic Recovery Package (PEMULIH) aid package, customers can opt for a six-month moratorium of instalments or a 50 per cent reduction on monthly repayment instalments for six months, as an alternative.

Customers can submit their request for the Relief Assistance programme by completing an online contact form on the bank’s website at https://www.uob.com.my/default/covid-updates/covid-relief-assistance.page or call the UOB COVID-19 Relief Assistance’s dedicated 24-hour hotline at 03-2612 8019.

-- BERNAMA

 

 


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