Malaysian banks extend relief measures to Nepal earthquake victims

KUALA LUMPUR — Malaysian financial institutions have mobilised support for individuals impacted by landslides that have struck Nepal, with the Association of Banks in Malaysia coordinating relief efforts across the sector.

Member banks of the ABM are providing various forms of repayment flexibility to affected customers, including extensions on loan repayments and deferrals of monthly installments. The measures are designed to ease financial pressure on those with direct connections to the disaster zone or whose livelihoods have been disrupted by the natural calamity.

The banking sector's response reflects Malaysia's longstanding humanitarian engagement with neighbouring countries in South Asia. The initiative allows affected borrowers to seek assistance from their respective financial institutions without incurring additional penalties during the relief period.

Customers seeking to access these relief programmes are advised to contact their banks directly to discuss eligibility and available options. The ABM encourages its member banks to process applications expeditiously to maximise support during this critical period of recovery.

The coordinated response underscores the Malaysian banking industry's commitment to corporate social responsibility and regional cooperation during times of crisis.