CIMB Offers Up to Six-Month Moratorium to Support Customers Amid West Asia Geopolitical Uncertainty
PETALING JAYA, April 8 — CIMB Group has rolled out targeted financial relief measures, including a payment moratorium of up to six months, to assist individuals and businesses affected by the ongoing geopolitical uncertainties in West Asia.
The initiative, implemented through CIMB Bank Berhad and CIMB Islamic Bank Berhad, aims to ease immediate financial burdens while helping customers maintain stable cash flow during a period of heightened global volatility.
The support measures are tailored to meet the diverse needs of customers, covering both individuals and businesses, including small and medium enterprises (SMEs), with consideration given to their specific financial situations.
Group Chief Executive Officer Novan Amirudin emphasised that in times of global uncertainty, it is crucial for financial institutions to play a supportive role in sustaining economic activity and strengthening customer resilience.
He stated that CIMB remains committed to standing by its customers as they navigate evolving challenges, ensuring that financial assistance remains accessible and relevant.
According to him, the relief package is designed to provide practical and timely support, enabling customers to better manage their financial obligations while maintaining business continuity.
Eligible customers may benefit from a repayment deferment of up to six months on existing loans and financing facilities under this programme.
In addition, business customers can access restructuring and rescheduling (R&R) solutions, allowing them to reorganise repayment schedules in line with their current financial capacity and sustain operations.
To facilitate access, CIMB has made the application process available through multiple channels, including an online Payment Assistance Programme form, direct engagement with relationship managers, or visits to CIMB branches nationwide.
The move reflects the broader efforts of the banking sector to cushion the impact of global uncertainties on the domestic economy, particularly as geopolitical tensions continue to influence financial stability and market confidence.
Through this initiative, CIMB aims to help customers navigate the challenging environment with greater confidence and resilience.
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