BUSINESS

BANK ISLAM EXTENDS FINANCIAL ASSISTANCE TO B50 BORROWERS VIA URUS FROM NOV 15

16/11/2021 06:32 PM

KUALA LUMPUR, Nov 16 -- Bank Islam Malaysia Bhd has expanded its financial relief assistance to help the B50 lower income group through the Financial Management and Resilience Programme (URUS).

URUS, which was announced by Prime Minister Datuk Seri Ismail Sabri Yaakob on Oct 13, will enable the banking industry to further help B50 customers in managing and servicing their financing commitments in the current challenging environment.

Bank Islam said the initiative, which commenced yesterday, is open until Jan 31, 2022, to eligible B50 customers.

“Bank Islam will facilitate the pre-processing of URUS applications before submitting it to Credit Counselling and Debt Management Agency (AKPK) for further review and approval,” it said in a statement today.

“Upon submitting their complete application to AKPK, the bank will notify the customers accordingly via email. Subsequently, AKPK will email them a personalised financial plan and the status of the application.”

Group chief executive officer Mohd Muazzam Mohamed said Malaysia's economy is expected to pick up with the reopening of the economy and the resumption of interstate and international travels.

“Although we are slowly returning to normalcy and adjusting to the new norms, we are also mindful that customers need extended financial support. 

“Hence, Bank Islam is doubling its effort to ensure service deliverables to our level best and achieve sustainable prosperity for the bank and the community as we recover from the impact of the pandemic,” he commented.

With the implementation of URUS, he said Bank Islam can further mitigate the impact of the pandemic by providing much-needed assistance to the most vulnerable segment community, particularly the B50 group.

-- BERNAMA


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2024 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy