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Defer loan repayments for flood victims, govt-owned banks urged

SHAH ALAM: Bersatu Women's wing chief Datuk Mas Ermieyati Samsudin has urged government-owned banks to defer loan repayments for flood victims.

She said the temporary deferment should also include banks under the Rural and Regional Development Ministry and the Entrepreneur and Cooperatives Development Ministry.

She said that some commercial banks have already announced loan deferments.

In her winding-up speech at Bersatu's annual general assembly here, Mas Ermieyati said the party understood the struggles faced by flood victims nationwide, many of whom have been displaced.

"With assistance from banks or financing companies, at least this will provide some relief to the flood victims," the Masjid Tanah member of parliament said.

Over 152,000 people in nine states have been evacuated to temporary relief centres following days of heavy rain.

The east coast states of Kelantan and Terengganu are among the worst hit.

Earlier today, Prime Minister Datuk Seri Anwar Ibrahim announced a RM50 million allocation in flood aid for both states.

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