KUALA LUMPUR, March 19 (Bernama) — AmBank has prioritised providing relief to customers who are impacted by the circumstances surrounding the COVID-19 pandemic. We continue to offer temporary payment deferment for affected customers, both individuals and businesses. In line with this measure, AmBank is proactively engaging with customers via our Relationship Managers to extend their trade bills by one cycle in order to further cushion the impact to cash flow.
We are also offering a Special Relief Facility comprising financing of up to RM1 million to small medium enterprises (SMEs) affected by COVID-19. AmBank has established a simple process for those applying for this facility with approval provided within 24 hours and disbursement within 5 days of approval. We are working towards reducing the disbursement timeframe further.
